FX Weekly (30 Jul ’17)

CHF weakness prompting a strong reaction in USD/CHFCHF selling pressure is helping to push prices away from critical multi-month support at the 0.9440 year low of May 2016.

The close above 0.9700 has prompted a cautious Upgrade to Neutral.

A further close above 0.9800 will further help to improve price action.

An unexpected close below 0.9440 will prompt a fresh Downgrade to Negative.

 

 

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