USD/CHF rose during the Friday session as traders continued the bearish tone of the markets late in the week. The pair used to fall in a “risk off” environment, but that was before the Swiss National Bank started devaluing the Franc. The pair now works in reverse, as the Dollar is the last safe haven. When times are tough or fearful, this pair will now rise. We like buying this pair now on dips as it should continue to rise over time. We see 0.9000 as resistive, and will have to overcome that area in order to happily buy this pair.
Written by FX Empire