The USD/CHF rallies aggressively and approaches new major upside targets. The USD has taken the full control as the dollar index has managed to jump in the buyer’s territory. The USDX approaches a major resistance as well, it remains to see what will really happen when will touch this obstacle.

A USDX’s further increase will send the USD much higher versus all its rivals and not only against the Swiss Franc. The USD/CHF is one of the most important performers in the last weeks and it could reach new highs very soon.

The Credit Suisse Economic Expectations dropped from 16.7 points to 7.2 points in March. The rate is driven more by the technical factors today as we have a poor economic calendar.

The USDX rallied today and has managed to pass above the 91.08 yesterday’s high. A further increase will lift the USD as well. The index tries to come back to test and retest the 90.59 static support and the second warning line (wl2) of the ascending pitchfork, but the bulls are very strong.

It approaches the inside sliding parallel line (SL) of the ascending pitchfork. Only a valid breakout above the mentioned dynamic resistance will really confirm a broader rebound a USD’s further appreciation.

The greenback rallied aggressively also versus the Loonie, Kiwi, Aussie, the Yen and versus the Cable.

The USD/CHF rallies and is almost to reach the median line (ml) of the minor ascending pitchfork. It should also approach the upper median line (UML) of the major descending pitchfork in the upcoming days if the USDX will reach fresh new highs.

I’ve said in the previous weeks that the rate should increase further if will stabilize above the median line (ML) of the descending pitchfork and within the minor ascending pitchfork’s body. I’ve drawn another major ascending pitchfork, so the rate could be attracted by the median line as well.