Swiss Franc(CHF) to fall ahead!
With ECB committed to ease in September, pressure is increasing on SNB to further cut rates towards minus 1 percent from current minus 0.75%. CHF has appreciated considerably as a safe haven move recently making higher possibility of intervention by SNB. chart structure has started to favor fall in Swiss franc in coming weeks. Further looking at SMI 20 strong bounces on dip support that franc is going down by SNB actions ahead. It makes high interest rate currencies good buy against chf... USDCHF, CADCHF, AUDCHF, NZDCHF and GBPCHF may remain bid and shall be accumulated on dips for solid gains in coming weeks.
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