The Swiss Franc has been rallying continuously for the last 12 months and, according to the Wells Fargo FX Express - Monthly, reaching overstretched levels, which could lead to a trend shift if Eurozone debt stabilizes and the US gets through the "soft Patch".
The USD/CHF s expected to appreciate steadily in the mid-term, according to the Wells Fargo FX Express, reaching 0.8300 area in 3-months time, and 0.8400 by year end, to extend gains to 0.9025 by mid 2012 and rally towards 0.9700 in the second half of 2007.
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