The USD/CHF pair broke higher during the day on Monday, breaking the top of the hammer from Friday. We believe that this market continues to go higher,
The USD/CHF pair broke higher during the day on Monday, breaking the top of the hammer from Friday. We believe that this market continues to go higher, and that it should eventually reach towards the 0.98 handle, and then perhaps parity. The Swiss National Bank continues to work against the value of the Swiss franc in general, so having said that we believe that this market goes higher, especially considering that the other currency as the US dollar. Ultimately, we don’t have any interest in selling until we break down well below the 0.95 handle, something that doesn’t look very likely.
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.
