The daily chart of the U.S. dollar/Swiss franc (USD/CHF) currency pair (see chart below) continues to show constructive technical signals as far as the bullish case is concerned. Obviously the biggest risk to any technical outlook is sudden changes in sentiment because of some fundamental stimuli, such as the ongoing Brexit risks and Friday’s US jobs report among others.
Worries that Britain could vote to leave the European Union in two weeks' time spread across the currency market on Friday, with the safe-haven yen hitting an eight-week high as investors ditched riskier assets for safety.
Today intraday price action should be the most important and it looks like that USD can move even higher as we see both in the Euro/U.S. Dollar (EU/RUSD) currency pair and USD/CHF in corrective pullbacks. Fifth waves are expected, down to 1.1360 on Euro and up to around 0.9740 on USD/CHF.