Bank of America argues that the Swiss franc has reasserted itself as the true safe-haven hedge.
BofA says the trend of the CHF being used more like gold, and a hedge against problems like rising US debt, could continue. Unlike the yen, which has lost much of its appeal as a pure haven.
Technically, recent candles might indicate buyers are attempting to build a base, but there’s no decisive reversal yet.
Should price fail to reclaim the 0.8030–0.8050 region soon, the broader bearish structure could resume - possibly testing fresh lows. Meanwhile, rallies in USD/CHF may face pressure as the franc’s macro backdrop continues to attract inflows.
BofA says the trend of the CHF being used more like gold, and a hedge against problems like rising US debt, could continue. Unlike the yen, which has lost much of its appeal as a pure haven.
Technically, recent candles might indicate buyers are attempting to build a base, but there’s no decisive reversal yet.
Should price fail to reclaim the 0.8030–0.8050 region soon, the broader bearish structure could resume - possibly testing fresh lows. Meanwhile, rallies in USD/CHF may face pressure as the franc’s macro backdrop continues to attract inflows.
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Disclaimer
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.