The USD/CHF pair did almost nothing during the session on Tuesday, as we continue to bang up against the 0.98 handle. We do ultimately believe that this
The USD/CHF pair did almost nothing during the session on Tuesday, as we continue to bang up against the 0.98 handle. We do ultimately believe that this market is going higher, and a move above the aforementioned 0.98 level is exactly what we need to see in order to start buying again. At that point in time, we feel that the market will then reach towards the parity level over the course of the next several weeks. The Swiss National Bank continues to try to weaken the Swiss franc in general, and we believe that will continue to pushes pair higher.
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.
