Medium-term outlook for USD/CHF neutral as long as 0.9471 level holds

THE Swiss franc (CHF) has always been seen by traders as a safe haven currency and is generally driven by flight to safety demand during times of economic uncertainty.

Over the past 50 years, CHF has seen a better long-term store of value than both the USD and EUR. The CHF has outperformed in periods of sustained US inflation.

On Jan 17, 2022, the USD/CHF broke through the brick-wall of 0.9138 and is looking to re-test levels at 0.9183 and 0.9240.