The USD/CHF pair initially fell during the course of the week, but found enough support near the 0.92 handle. That area offered enough support to turn
The USD/CHF pair initially fell during the course of the week, but found enough support near the 0.92 handle. That area offered enough support to turn things back around and break back above the 0.95 handle. Ultimately, this market should then head to the 0.99 level, and then perhaps the parity level. Ultimately, we believe that the US dollar continues to strengthen overall, as the Swiss National Bank continues to work against its own currency. Ultimately, we think that translates into a higher exchange rate in this market.
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.
