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.
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.
