USD/CHF Hints at Swing High

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USD/CHF Hints at Swing HighU.S. DOLLAR / SWISS FRANCFX_IDC:USDCHFStoneXTradingI discussed USD/CHF in Wednesday's video to help outline why I suspected DXY may be due a pullback. So it is encouraging to see a potential two-bar bearish reversal around a historical level on the Swissy. Perhaps we have seen the end of wave B – or are at least close to it. If so, it implies another leg lower. Given the Middle East headlines are weighing on sentiment, a case could be building for traders to hedge with gold and the Swiss franc into the weekend. MS