The CHF% index is also holding at resistance and waiting to see what the Euro does. Interestingly the Euro made back some ground against the Franc after selling at the start of the week so this could indicate some uncertainty regarding this current move higher. I am bullish CHF
**CHF% Index Resistance (USDCHF support): USDCHF 0.8860, 0.8782**
**CHF% Index Support (USDCHF resistance): USDCHF 0.9000, 0.9014, 0.9050**
Note – the large spike on Mon 16th is a GBPCHF pricing error at the broker
**LittlefishFX Relative Currency Index Strength**
All of the currency indexes used for this analysis are available as a NinjaTrader indicator from the link below. They are eight indexes, USD, EUR, JPY, GBP, AUD, CHF, CAD and NZD with each index made up of the remaining seven pairs, weighted in accordance with the distribution of global FX volume as measured by the Bank of International Settlements in their Triennial Survey.
Get RCIS Indicator here