USD/CHF Analysis (August 2)

The Swiss Franc continues to be agressively bought and the fresh low from yesterday at 77,30 confirms the strong bearish pressure on the USD/CHF.
Any rally on the pair is immediately sold and this is why it is not recommmended to anticipate a reversal of any kind.
We might see the CHF continuing to strenghten against all its counterparts over the coming weeks unless the Swiss National Bank decides to intervene which though doesn’t warranty to change anything.