The USD/CHF pair fell during the Thursday session, as the USD got sold off against the Euro. The Greeks have called off their referendum, and as such – the market treats the news as good news, but with the almost unlimited opportunities for negative headlines, the USD should continue to find a bid overall. With the Franc being capped in growth by the SNB, it makes sense that this pair will rise overall. The pair still looks like a “buy on the dips” pair to us, and we feel that the 0.85 level should be massively supportive.
Written by FX Empire