USD/CHF rose during the Tuesday session, slamming into the 0.9000 level as the world looked for safety in the global markets. The Swiss Franc can no longer be bought for safety as the Swiss National Bank is working against the rise of the currency, so the pair is a one way deal that can only be bought. The 0.9000 level should continue to be resistive, but in the long run could give way as well. As the world gets more and more nervous, there is a real chance of Dollar appreciation. Because of this, we are buyers on dips in this pair.
Written by FX Empire