The USD/CHF pair went back and forth during the course of the day on Monday, slamming into the 0.98 handle. With this, we feel that the market will
The USD/CHF pair went back and forth during the course of the day on Monday, slamming into the 0.98 handle. With this, we feel that the market will eventually break out to the upside and we are buyers above the 0.98 handle. However, we recognize that volatility will probably be the way going forward, so it’s not necessarily going to be an easy trade to take. We are buyers overall though, and have no interest whatsoever in selling as the Swiss National Bank continues against the value of the Swiss franc itself, pushing this pair higher.
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.
