FX.co ★ Daily analysis of USD/CHF for May 21, 2018

The USD/CHF pair is bullish in the long term, but neutral in the short term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement to the upside will no longer be a serious thing.

While USD/CHF is supposed to go upwards, there would be a challenge to the upwards move, because CHF is expected to gain serious stamina this week (major currencies will drop versus it). This means that the coming strength in CHF may hinder USD/CHF from getting seriously pushed further northwards.