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Faraday: USD looking strong against CHF

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Thomas Light from Faraday Research believes 2016 will be dominated by how fast the US Federal Reserve will tighten their monetary policy. This puts the US dollar in a position of strength, particularly against the negative yielding Swiss franc, Light says.

Looking at the charts, Light says there are several bullish signs indicating that the US dollar could go higher. He also expects volatility to increase as prices start to trend higher again.

Light is looking to buy the pair and will place his stop below Thursday's low at 0.9863. His target for the trade is 1.0250.