USD/CHF tested the 0.9000 level on Tuesday, but found sellers at that area. The pair has been pushed around quite a bit by conflicting comments out of Swiss National Bank officials over the last 24 hours, so it appears that traders are simply trying to jump on headlines as they appear. The longer-term outlook for this pair is still up, as the SNB is working against the Franc. But the pullback we are seeing on Tuesday does suggest that the move might be a grind, and not a rush.
Written by FX Empire