The Swiss Franc, aka the Swissie, has been correcting for the last month, gaining strength against the major trading currencies worldwide. We say correcting because this is the universal term used when price changes direction from the major trend that is underway. That major trend is called the secular trend. These corrections are common and a function of simple human nature. As a trend remains in train for a long time the proclivity of traders is to take profits out of the trend now and then. The long term weakening of the CHF goes back to early September 2017.
