The USD/CHF pair fell initially during the course of the session on Friday, but found enough support below to turn things back around and form a hammer.
The USD/CHF pair fell initially during the course of the session on Friday, but found enough support below to turn things back around and form a hammer. Because of this, it appears that the market is going to continue to go higher. Enough time, we should then reach towards the 0.99 level, and then the parity level. We think that there is a significant amount of support below at the 0.95 handle, and it should serve as the “floor” to this marketplace. With that, we are essentially “buy only” when it comes to the USD/CHF pair.
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.
