USD/CHF rose a bit during the Friday session as the pair continues to grind higher. The 0.93 level that was broken above recently has been very supportive
USD/CHF rose a bit during the Friday session as the pair continues to grind higher. The 0.93 level that was broken above recently has been very supportive over the last week, and we think this is a possible sign of things to come. The pair is being supported by the fact that the Swiss National Bank is working against the value of the Franc and this should continue to push this pair higher. Also, the Dollar is the safe haven everyone wants. Because of this, we are buying this pair overall, and especially on dips.
USD/CHF Forecast December 26, 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.
