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.
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.
