FxWirePro: Daily Commodity Tracker - 21st March, 2022 
In January this year, in an article named, “FxWirePro: Swiss franc might correct to 0.98, bearish outlook maintained”, available at http://www.econotimes.com/ , we warned our readers while we remain bullish on the dollar over a longer horizon, the reserve currency is losing momentum in the short to long term and that might push the USD/CHF pair to 0.98 area.
The target was soon reached Early May, after which the dollar staged a comeback against the franc and tested the parity. In a subsequent article named, “FxWirePro: Franc likely to strengthen to 0.92 per dollar”, available at http://www.econotimes.com/ , we extended that target to 0.965 area and then to 0.92 area.
Our subsequent target has been reached at 0.965 area and we would like to recommend close attention as the pair closes in on a crucial support around 0.95 area, which has not been broken since October 2015. Despite, our longer-horizon bullish outlook on the dollar, we expect the pair to reach 0.92 area but that is not likely to come without a correction towards 0.98 area. Hence, we would like to recommend profit bookings in the tune of 50 percent at the current price of 0.964 and at declines towards 0.95 support area.
