USD/CHF Analysis (August 3)

The Swiss Franc continues to be agressively bought and we might wonder when this impressive trend will stop.
The Franc has been surging to record highs against many of the major currencies and there is no sign that things will change over the coming weeks and months.
A possible intervention of the Swiss National Bank combined with oversold studies might lead to a meaningful corrective move soon but the main bearish trend will resume eventually.