The USD/CHF pair had a very quiet day on Monday as the resistance in the 0.93 area shows just how hard the next leg up could be in this pair. However, as the USD is the last safety trade available to currency traders, this pair is still primed to rise over time, and we would welcome pullbacks as buying opportunities as long as the 0.85 isn’t broken down through. The Swiss National Bank isn’t allowing the Franc to appreciate too much, so selling this pair is impossible at this point.
Written by FX Empire