The USDCHF pair is a direct quote that shows how many Swiss francs are needed to buy one US dollar. This quote belongs to the major instruments of the Forex market, and it affords many advantages.
As it includes the Swiss franc, this instrument is moderately volatile. So, it's good for both position trading and short timeframes: short-term trading helps diversify risks during unstable market periods.
In the first place, the Swiss economy depends on its famous banking system. It's less dependent on relationships with trading partners. So, few factors affect the national currency's rate: the central bank's monetary policy, GDP, and business activity numbers.
The USD rate is sensitive to more factors, outside the country as well. The US economy is interwoven with the global one, so the USDCHF's moves are subject to a global economic situation. The main factors to analyze include GDP, labor market data, the Fed's interest rates, and macroeconomic parameters. Thus, pay more attention to the US stats when making a forecast for the USDCHF pair.
The USDCHF trends the most actively when the US and European trading sessions overlap, and both markets are active.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
