The USD/CHF pair has fallen again on Tuesday. The pair continues to drift lower, as traders are starting to test the will of the Swiss National Bank. The
The USD/CHF pair has fallen again on Tuesday. The pair continues to drift lower, as traders are starting to test the will of the Swiss National Bank. The SNB is trying to keep the Franc weaker, and as such – we prefer a buying opportunity in this pair. If the market begins to sell off risk assets, you may see the opportunity as the Dollar has become the “safety trade” as the Yen and Franc are both actively being worked against by their central banks. With this in mind, we like buying, and want to see a supportive candle on the daily chart to get long.
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.
