Does USD Have to Rally Broadly to Force USDCHF Beyond Parity?
The Dollar Index is just off a 12-year high, so making the next move higher will require serious conviction and is thereby more difficult to achieve. However, that doesn't stop the Greenback from moving on certain pairings. EURUSD for example has a good range down to 1.05 which it is already actively tracking out. But pairs like USDCHF sitting just below very major resistance may be more reticent. I think this eventual ends up bullish, just a matter of time and catalyst.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.