The USD/CHF pair went back and forth during the course of the day on Thursday, breaking above the 0.98 handle. Because of this, we ended up testing
The USD/CHF pair went back and forth during the course of the day on Thursday, breaking above the 0.98 handle. Because of this, we ended up testing significant resistance but it looks as if we are starting to stall a little bit here. That’s not a big surprise though with the Nonfarm Payroll numbers coming out during the session today, so what we are waiting to see is whether or not we find support below, or break above the top of the candle for the Thursday session. Either way has us buying as the Swiss National Bank continues to work against the value of its currency.
USD/CHF Forecast August 7, 2015, Technical Analysis
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.
