The USD/CHF pair broke higher during the course of the session on Thursday, but turned back around at the 1.01 level. This of core shows that the market
The USD/CHF pair broke higher during the course of the session on Thursday, but turned back around at the 1.01 level. This of core shows that the market is continuing to consolidate, but we think that there is plenty of support all the way down to the 0.99 level to keep this market afloat. We have no interest in selling this market, and are simply waiting to see a supportive candle in order to start buying again. Once we get a short-term supportive candle, we are buyers and once we get above the 1.01 handle, the market should continue to go much higher.
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.
