Trading Outlook – USD/CHF – Cautious/Tentative

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Originally Updated: 07:15

Trading Bias: Cautious

Currency pair: USD/CHF

Current Sentiment: (Bullish) Pending

In today’s trading session we will be awaiting newsflow to present opportunities to get into the market, with recent news flow and subsequent technical evidence we can look to trade USD/CHF as the SNB intervene on the EUR/CHF Pair.


During last night’s session USD/JPY briefly broke below 117, losses have steadily been recovered during the session with the pair pressing toward 118.

Weak Chinese manufacturing PMI data briefly weighed on the Antipoldean currencies with losses quickly regained as the market switched its focus to relatively neutral Aussie data, albeit minor data points.

Over the weekend we’ve had commentary from Greece which seems to suggest they feel they can reach an agreement with Europe which will please all parties involved.

The SNB is unofficially aiming to get the EUR/CHF pair back to 1.05 – 1.10, any intervention will impact and cause consequent rallies on the EUR/USD and USD/CHF pairs.


If we witness a rally on the EUR/CHF pair we can expect this pair to see a rally on USD/CHF during today’s session, caution is advised on this pair as there is allot of volatility given the SNB’s recent actions, however if we are looking to make some pips off of the back of the witnessed SNB intervention the USD/CHF pair is the safest of the bunch, being in line with the fundamentals.

There is strong support at 0.92360 which could provide trading opportunities should the price pull back. Look for the price to bounce off this level if it retraces back to it.

Remember to be aware of intra-day news as this can very often change the sentiment with the potential to make our trade weaker. Look for any news that could be negative for this pair, which would change the sentiment to bearish.

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Source:: Trading Outlook – USD/CHF – Cautious/Tentative

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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