The USD/CHF pair fell significantly during the course of the session on Thursday, testing the 0.96 handle. This is the beginning of massive support all
The USD/CHF pair fell significantly during the course of the session on Thursday, testing the 0.96 handle. This is the beginning of massive support all the way down to the 0.95 handle, so we are waiting to see whether or not we get some type of supportive candle in order to start going long. If we do, we will aim for the 0.98 handle yet again, and then perhaps to the parity level given enough time. We have no interest whatsoever in selling at this point in time as the support zone below looks rather massive.
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.
