The USD/CHF pair initially fell during the course of the week but found more than enough support at the parity level to keep the market going higher.
The USD/CHF pair initially fell during the course of the week but found more than enough support at the parity level to keep the market going higher. Ultimately, we ended up forming a hammer, and it looks as if the market is going to continue to go higher. The parity level is essentially the “floor” at this moment, and with that we are “long only” when it comes to this particular market. We recognize that there is a bit of volatility above, but eventually we should break through all of that as well.
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.
