USD/CHF MONTHLY TIMEFRAME SHORT

USD/CHF market has been moving in bear territory for a while, with a short recovery that seems to be failing now considering how the price is breaking out of the short term corrective structure to the downside. With the Swiss Franc topping the currency strength meter charts, it looks like the dollar is gonna have to take the sucker punch.

Daily Target 01: 0.93765

Daily Target 02: 0.91823

Monthly Target 01: 0.86981

Monthly Target 02: 0.70809

Currency Strength Meter (as at 3 July 2020, 22:35);

1. SXY (Swiss Franc Index)
2. JXY (Japanese Yen Index)
3. AXY (Australian Dollar Index)
4. ZXY (New Zealand Dollar Index)
5. DXY (US Dollar Index)
6. CXY (Canadian Dollar Index)
7. BXY (Great British Pound Index)