The USD/CHF pair broke higher during the course of the day on Friday, but remained within the consolidation area that we had previously formed. Because of
The USD/CHF pair broke higher during the course of the day on Friday, but remained within the consolidation area that we had previously formed. Because of this, we feel that the market should continue to grind away, but we could get a bit of a bounce as well considering that the US dollar is involved. If we do get that bounce, we will not be buying this market, we will simply be waiting for a selling opportunity at a large, round number above. Perhaps the 0.90 level, or even the 0.95 level.
USD/CHF Forecast January 26, 2015, 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.
