Investors and speculators have been enjoying a fruitful journey to the top for 6 days by going long the Dollar Swiss, but it seems their journey has come to an end after the ISM Manufacturing coming out short from the previous report 49.1 worse than expected in the Newyork Session. USD/CHF experienced a potential downfall of 583 points and more is expected.
Price is expected to fall up to to the 0.98407’s even handle.
We have heavy economic releases from coming up this week for the Dollar and we are expecting the markets to react. Volatility is what moves the market and during economic releases, volatility is the highest point.
If the price manages to rally up to the 0.98407’s even handle. These economic releases for the Dollar will break and hopefully, we will land to the 0.97112’s.