CHF: Run at parity on the cards - Westpac

Research Team at Westpac, suggests that a run at parity on the cards for the CHF against the USD, especially if the ECB eases next week (8 Sep) via an extension of asset purchases.

Key Quotes

“Technical: Supportive momentum for USD/CHF should trigger a test of declining resistance, around 0.9890, as USD pushes towards a retest of 0.9955, possibly 0.9990. However, this is seen as range defining within the broader consolidation patterns which have been forming since late 2015.”