The USD/CHF pair initially tried to fall during the course of the day on Tuesday, but found the 0.98 level to be supportive enough to turn things back
The USD/CHF pair initially tried to fall during the course of the day on Tuesday, but found the 0.98 level to be supportive enough to turn things back around so that we bounced to form a hammer. Because of this, we believe that this pair continues to go much higher, as the Swiss franc continues to soften against most currencies around the world. With this, we are aiming for the parity level, and are buyers on short-term dips as the US dollar should continue to strengthen overall against the Swiss currency.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
