In this article USDCHF will be analyzed both fundamentally and technically and as known nothing is impossible in Forex so different scenarios will be drawn to express about the most probable scenarios with the USDCHF.
What is affected the move of USDCHF nowadays:
USDCHF is affected now by two different policies by both The Swiss National Bank (SNB) and United States Federal Reserve (FED) and also affected strongly by The Swiss National Bank (SNB) intervention in Forex market which strongly hit CHF, finally CHF and other currencies is affected due to strong growth in US in the last months which make US$ to be favored.
- Different policies by SNB and FED:
SNB intervened in Forex market several times, every time, it said that it will intervene if necessary to avoid any strong gains for CHF against currencies especially against EUR.
In different, US FED has just raised interest rate for the first time from ten years, FED delayed its first rate hike more than once in order to prevent broad US$ gains which may dampen US growth, this time rate hike is very near but if something horrible hit markets again, more rate hike may be delayed more.