As you already know the Swiss Franc has increased against all currencies in January 2015 after the National Bank decision to cut the interest rate to -0,75%. The rate of USD/CHF has fallen with more than 2000 pips in one hour.

As you can see on the Daily chart, the price is into a corrective phrase, the price has managed to jump above the 61.8% retracement level. We have a consolidation right now, if the US Dollar will remain strong then the price can grow further.


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