The USD/CHF pair had a bearish day on Thursday as traders sold off the Dollar in favor of the Franc. The pair is currently difficult to sell, as the Swiss
The USD/CHF pair had a bearish day on Thursday as traders sold off the Dollar in favor of the Franc. The pair is currently difficult to sell, as the Swiss National Bank is working against the rise of the Franc in general, but specifically to the Euro. Even though this pair isn’t the SNB’s focus, it certainly will be affected by what happens in that pair. Because of this, we don’t sell. We are waiting for supportive candles in the present area, and are willing to buy from them, as it is very likely to turn into a longer-term trade.
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.
