USD/CHF rallied about 650 pips (6.8%) since the U.S. election low on November 9th. That's hardly a half of what USD/JPY showed (1270 pips, 12.6%) but is still a lot for just under three weeks. The moves do not appear to be over yet.
2015 (1.0325) and 2016 (1.0250) highs are not very far away with the next major target being the 2008 - 2016 support/resistance line, which is currently running near 1.0450. Pullbacks have been shallow but a deeper one may not extend much below the parity level.
2015 (1.0325) and 2016 (1.0250) highs are not very far away with the next major target being the 2008 - 2016 support/resistance line, which is currently running near 1.0450. Pullbacks have been shallow but a deeper one may not extend much below the parity level.
