The USD/CHF pair fell on Friday as the Dollar got hit in general. The 0.91 to 0.90 area continues to look as if it is supportive, so we aren’t willing to sell at this point. The Swiss National Bank is currently trying to keep the Franc weak, and as a result we aren’t buying it under any circumstances. The Dollar should continue to get support going forward as the US economy is actually expanding, something that Switzerland’s biggest customer, the EU, isn’t doing. With this in mind, we are simply waiting for a supportive candle from which to buy this pair.
Written by FX Empire