USD/CHF fell for the week and even broke through the 0.9000 level. However, there is a hammer from a month ago on the weekly chart that shows support just
USD/CHF fell for the week and even broke through the 0.9000 level. However, there is a hammer from a month ago on the weekly chart that shows support just below current levels. This looks very supportive, and the Swiss National Bank is very active in expressing its dislike for appreciation of the Franc. With this in mind, we are looking to buy supportive candles as we cannot buy this pair at all. Until we get that hammer or bullish candle, we are sitting still.
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.
