USD/CHF fell during the session on Wednesday as traders dumped the US Dollar around the markets. The pair fell fairly close to the 0.9000 level, and then found buyers stepping into the market. The resulting candle looks a bit like a hammer, but the body is a bit longer than we like to see. It does suggest that the pair is trying to find its footing, and as a result we are looking to buy on strength when we get it. A break of the highs from Wednesday will have us buying.
Written by FX Empire