It’s been a big 24-hours for the greenback which saw the US dollar index break to a near-2 year high. Whilst EUR/USD could temp bears below 1.1180 and AUD/USD appears ready to crack 70c, it was USD/CHF which led the stampede. And with it having the best trend structure and least obscured view among FX majors, it’s our favourite pair to trade USD strength, although a little mean reversion couldn’t hurt first. Matt Simpson take a technical look.
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