The USD/CHF pair fell hard during the course of the week, slamming into the 0.95 handle. With that being the case, we should see some type of buying
The USD/CHF pair fell hard during the course of the week, slamming into the 0.95 handle. With that being the case, we should see some type of buying pressure underneath, but it might take a while for it to show up. Once it does, we would be interested in going long, but at this point in time we simply do not have the signal to start doing so and as a result we have to stand on the sidelines and wait for that to happen. The Swiss National Bank continues to work against the value of the Swiss franc though, so sooner or later we are starting to buy again.
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.
