The USD/CHF pair broke a little bit higher during the session on Monday, as we continue to find support at the 0.95 level. With that, we feel that the
The USD/CHF pair broke a little bit higher during the session on Monday, as we continue to find support at the 0.95 level. With that, we feel that the market is ready to break out, but we need to get above the 0.97 level in order to start buying again. Once we do, this market should go to the parity level, and then perhaps even higher. Keep in mind that the US dollar is still the favored currency around the world, and quite frankly the Swiss won’t mind the value of the Swiss franc falling.
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.
