USD/CHF Forecast: Recovers Slightly

Get DailyForex analysis to your emailThe Swiss franc does have the bonus of Switzerland offering a positive yield now, but it is still far below the US dollar. rallied a bit during the trading session on Thursday to recover against the Swiss franc.

That being said, the pair has been in a downward trend for a while, and the US dollar has been beaten on by quite a few traders out there as rates continue to drop in the futures market. With this being the case, I think you get a situation where we are getting close to a major bottom, and therefore we are either going to see a huge shift in the US dollar across the Forex world, or we could get a bounce.This pair has a lot of support right around the 0.91 level, and the 0.90 level.

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