The USD/CHF pair broke higher during the session on Tuesday, after initially falling. We are now testing the 0.98 handle, so we feel that pullbacks may
The USD/CHF pair broke higher during the session on Tuesday, after initially falling. We are now testing the 0.98 handle, so we feel that pullbacks may occur, but they will more than likely offer buying opportunities before it’s all said and done. We believe that this pair will head towards the parity level given enough time, and as a result we have no interest in selling. In fact, we believe that the 0.95 level below is essentially the “floor” in this marketplace, as the Swiss National Bank continues to work against the value the Swiss franc in general, although not necessarily in this particular 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.
