Morgan Stanley: bullish view on USD/CHF
As it always happens, there are different views about the prospects of the currency pairs. Analysts at Morgan Stanley, for example, are bullish on USD/CHF. The bank has entered a long USD/CHF position from 0.9540 with stop at 0.9240 and target at 1.0500.
According to MS, it seems that the Fed has signaled a transition from dovish to neutral policy. “Despite a potential correction in the US equity market, we expect USD to continue its recent uptrend given adjustments in short term rates as the market anticipates tapering to start in the event of consistently firm data,” says Morgan Stanley.
Chart. Daily USD/CHF