USD/CHF rose during the Tuesday session as the “risk off” trade continued to push traders towards the US dollar. The pair is supported by the Swiss National Bank as the central bank is working to keep the value of the Franc down. The pair looks like it should have support at the 0.9000 level, and any pullbacks would be interesting buying opportunities as the Dollar is the safety play, and the Franc simply cannot be bought at the moment. A breaking of the recent highs in the 0.93 neighborhood would have us getting more aggressive to the upside.
Written by FX Empire