The USD/CHF pair broke down again during the session on Friday, as stock markets around the world continue to fall. The Swiss franc is being bought out of
The USD/CHF pair broke down again during the session on Friday, as stock markets around the world continue to fall. The Swiss franc is being bought out of safety more than anything else we believe, so the fact that we fell from here isn’t that big of a surprise. However, we do believe that eventually we will see some type of support that we can buy. We would wait until we get above the 0.95 handle though, as it would show a shift in momentum to the upside before we start buying. We don’t have any interest in selling, this simply far too much noise just below.
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.
