The USD/CHF pair went back and forth during the course of the day on Wednesday, as we continue to consolidate just above the parity handle. A break above
The USD/CHF pair went back and forth during the course of the day on Wednesday, as we continue to consolidate just above the parity handle. A break above current consolidation of course is a very bullish sign as it should show this market going higher, and we would continue to “buy-and-hold” at that point. If we can get above the 1.01 level, and then of course the 1.02 handle, at that point we would be free of the last vestiges of resistance. Pullbacks should see plenty of support all the way down to the 0.98 handle.
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.
