The USDCHF is closing in on the 200dma.
The 200 Simple Daily Moving Average (DMA) is coming into view for the Swissy as the USD has seen a “resurgence” as of late. However, the stock market (namely the SPX and DOW) may be closing in on some key resistance as well. Therefore, one of the FX markets favorite currencies to hedge risk may come back into play, the CHF. If that is the case, the .9800 level may offer a good risk/reward for long CHF (short USDCHF pair) in the coming sessions.
