Monday morning, I am looking at the pair to deliver a leg higher. USD is still underpinned by the geopolitics, elevated Treasury yields, rate differentials and policy divergence to the CHF. Even tho we did not had any further escalations over the weekend, the conflict is still ongoing and the situation remain uncertain.
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UPDATE:
Bloomberg came out with report about SNB (Swiss National Bank) stating that the SNB expects to keep the interest rate at zero until the end of 2027. View is reportedly based on current inflation forecasts, under the assumption of no new shocks, with some influence from recent FX action. The position closed within few hours making solid start to the week