USDCHF: Safe heaven vs Russian Linked Investigation & NFP
Fundamental:
CHF have not much happening rather than just easing monetary policy, mixed economic data. Best of all it is not much related to North Korea
USD have many Fundamental factors such as rate hike in Mid Dec 2017 (might already priced-in), President Trump linked to Russian investigation and huge event this week is NFP.
Technical:
Pair has been on the downward channel after the upward channel was broken mid-Nov 2017.
Clear download channel is in progress with strong bear markets.
Note:
USE PO SELL at entry
Strongly advised to close the trade before NFP this Friday
CHF have not much happening rather than just easing monetary policy, mixed economic data. Best of all it is not much related to North Korea
USD have many Fundamental factors such as rate hike in Mid Dec 2017 (might already priced-in), President Trump linked to Russian investigation and huge event this week is NFP.
Technical:
Pair has been on the downward channel after the upward channel was broken mid-Nov 2017.
Clear download channel is in progress with strong bear markets.
Note:
USE PO SELL at entry
Strongly advised to close the trade before NFP this Friday