Currency Analyst since 2010

Societe Generale: trading USD/CHF

Analysts at Societe Generale point out that in October USD/CHF broke to the upside the triangle, within which it was trading since the beginning of 2015. Then the greenback pulled back to the upper border of the pattern in the 0.9750 and once again went higher.

As a result, the specialists expect the pair to rise to the upper border of the upward channel in the 1.0420/1.0660 zone. The short-term target is at 1.0200 – this level is provided by the inverse Head & Shoulders pattern market on the chart. 

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