The Swiss Franc in Crisis

In recent days, speculation has surrounded the performance of the Swiss Franc (CHF). With intervention by the Swiss National Bank, all CHF related pairs have been experiencing a certain degree of volatility. In regards, to USDCHF, a reverse head and shoulders pattern has started forming. As a result, this pair will be highly affected by upcoming news within the upcoming weeks.

  • Should there be a devaluation in currency, bulls may take control of the opportunity presented.
  • However, should the SNB maintain the same rates or otherwise, the pair will remain stable and continue its downward trend.