Swiss
USDCHF LongThis is a very special pair, that has been behaving like the DXY, but with a major difference. It didn't break to new highs, but respected the Nov 2015 high.
At the 0.985 level, there is a lot of resistance that can turn into support, as well the up trending support which dates back to May 2016.
This trade has a natural 2:1 R/R ratio, which makes it even more attractive.
Swiss Franc Downtrend ContinuationThe Franc has been in a moderate downtrend for a while and has recently taken a dip. Over the last few days we've seen some profit taking from the shorts with a minor peak. With the overall downward pressure of the daily/monthly downtrend, and the lack of much support below, I expect to see USDCHF continue on downwards.