USD/CHF Update – 21/09/2017 (11:50am) – by Arjun Lakhanpal

USD/CHF Update – 21/09/2017 (11:50am): USD/CHF has seen a strong rally post FOMC and we maintain an upside bias above .9570. There is scope for a test of the current August highs at .9770/72, however in order to reignite medium term upside interest we suspect that the currency pair will need to close above the .9814 end of March low and overcome the 55 week ma at .9870. Currently the intraday Elliott wave counts are positive and we suspect that dips will hold circa .9565.