Preferred direction: BUY
Comment: The situation for the franc differs in many ways from other major currency pairs, and is more reminiscent of the situation for the Japanese yen. Here the franc continues to remain an outsider among the majors, not taking into account the Japanese yen. Even in the event of another short-term weakening of the US dollar, the franc is unlikely to show the same growth as its counterpart. Therefore, for this currency pair, we adhere to buy priority and highlight two long scenarios for ourselves. The target for this long trade is located at the level of 0.89032 with further growth prospects.
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Comment: The situation for the franc differs in many ways from other major currency pairs, and is more reminiscent of the situation for the Japanese yen. Here the franc continues to remain an outsider among the majors, not taking into account the Japanese yen. Even in the event of another short-term weakening of the US dollar, the franc is unlikely to show the same growth as its counterpart. Therefore, for this currency pair, we adhere to buy priority and highlight two long scenarios for ourselves. The target for this long trade is located at the level of 0.89032 with further growth prospects.
Thank you for like and share your views!
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