USD/CHF rose during most of the session on Tuesday as the “risk off” trade came back just a bit. The pair has massive support from 0.91 to 0.90, and the 61.8% Fibonacci retracement level is just below the 0.90 handle. With this being said, and the fact that the Dollar is strong on the whole, we are looking for buying opportunities, and expect to see them somewhere in the next one numbered pips or so. On the first sign of strength, we are buying. Selling isn’t an option until the Swiss National Bank abandons its Franc weakening policy.
Written by FX Empire