The USD/CHF pair broke higher during the course of the session on Tuesday, slamming into the 0.95 handle. If we can get above that level, we would be
The USD/CHF pair broke higher during the course of the session on Tuesday, slamming into the 0.95 handle. If we can get above that level, we would be buyers as we feel the market should continue to go much higher. On the other hand, if we pullback we think there could be enough support just below to keep this market afloat. After all, we did for a bit of a hammer during the Monday session, so it now appears that the 0.95 level is the barrier that has to be overcome in order to go long. We have no interest in selling at the moment.
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.
