USD/CHF fell during the Thursday session as originally the markets decided to go out on the risk spectrum. The Swiss National Bank is still willing to sell off the Franc if the value of it gets too high, so selling the XXX/CHF pairs isn’t advised. The Dollar is the last safe haven currency out there, so a rise in this pair makes sense over time with all of the turmoil in the market overall. The 0.93 level is massively resistive however, and because of that, we want to see a daily close above that area. If this pair falls a bit, we would be willing to buy it on the dips.
Written by FX Empire