The USD/CHF pair fell significantly during the course of the session on Wednesday, showing extreme negativity. The 0.96 level below is the beginning of
The USD/CHF pair fell significantly during the course of the session on Wednesday, showing extreme negativity. The 0.96 level below is the beginning of significant support as far as we can see, so quite frankly were just going to simply stand on the sidelines and wait for an opportunity to start buying supportive candles. We believe that this market should continue to go higher, and that quite frankly the pullback is a little bit of an anomaly as we have seen so much in the way of bullishness recently, as the Swiss franc has been sold off rather relentlessly lately.
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.
