The USD/CHF pair fell enough during the session to test the parity level for support. Ultimately, we ended up forming a hammer that suggests that the
The USD/CHF pair fell enough during the session to test the parity level for support. Ultimately, we ended up forming a hammer that suggests that the market is going to continue going much higher as the large, round, psychologically significant number should continue to offer buying pressure. The US dollar strengthens due to the fact that the Federal Reserve will more than likely have to raise interest rates going forward. Ultimately, this is a market that should continue to favor North America over Europe, as in general markets are favoring that type of trade.
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.
