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.
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.
