USD/CHF fell on Tuesday as the “risk off” trade came into play, at least as much as it can in an extremely low volume trading environment. The lack of
USD/CHF fell on Tuesday as the “risk off” trade came into play, at least as much as it can in an extremely low volume trading environment. The lack of liquidity simply made trading most pairs almost impossible for the session, and the breaking of support or resistance areas was probably always going to be too much to ask. The 0.93 level was the site of a breakout recently, and it shows signs of still being supportive. We like buying these dips as long as we can stay above 0.93 or so.
USD/CHF Forecast December 28, 2011, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
