USD/CHF rose again on Tuesday as the run to the US dollar continues. The Swiss National Bank is willing to work against the value of the Franc. The pair
USD/CHF rose again on Tuesday as the run to the US dollar continues. The Swiss National Bank is willing to work against the value of the Franc. The pair has even ran to the 0.95 level, and we continue to like to buy this pair on dips as the market really can only run one way over the long run – as the Dollar is representative of safety. The market looks very strong, and we feel the breaking above the 0.93 level is a start of the next leg up. The 0.93 level looks to be supportive at the moment, and as a result we are looking for supportive candles in that area.
USD/CHF Forecast December 14, 2011, 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.
