USD/CHF rose during the Monday session as the world bought the US Dollar in general to avoid risk. The situation in Europe is still far from resolved, and the Franc is being worked against by the Swiss National Bank. The pair can only be bought because of this, but the floor is somewhere near the 0.85 area. The pair is still one we like to buy on dips, and as long as we stay above the 0.85 level, we will continue to deploy that strategy.
Written by FX Empire