USD/CHF Bulls See Further Upside Amid Fed-SNB Policy Divergence

A recent webinar presented a bullish view on the US dollar after US yields rose following the Federal Reserve's rate increase on September 9. The discussion centered around long-USD opportunities across several currency pairs, with USD/CHF taking center stage.

The Swiss National Bank was seen as less hawkish than other major central banks and has expressed willingness to intervene in the FX market if the Swiss franc strengthens excessively. In contrast, the Federal Reserve hinted at further rate increases being necessary.

Technical analysis focused on the 0.8200 level, which was described as a key support zone after being breached on August 5. The recovery from lows was deemed impulsive and corrective, anticipating further upside into wave three and potentially a fifth wave.