The USD/CHF pair initially tried to rally during the day on Monday but found too much resistance yet again and turned back around to form a shooting star.
The USD/CHF pair initially tried to rally during the day on Monday but found too much resistance yet again and turned back around to form a shooting star. This market is starting to see significant resistance above, so a pullback might be due. However, we feel that this market will ultimately find buyers below, so pullbacks will still be looked at as potential value and as potential buying opportunities. Ultimately, we feel that this market heads to the parity level and a break above the top of the shooting star would also have us buying.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
