USD/CHF rose slightly for the session on Tuesday as the market treads water in the 0.95 area. The pair has the Swiss working against it, and the US dollar continues to be a favorite overall. With the EU going into recession, it is hard to imagine that the Swiss economy will do well, and at the same time the US economy seems to be doing better. Because of this, we like buying this pair, and would buy on dips as long as we stay above 0.93 will be comfortable in this position. The breaking of the doji formed on Tuesday will give a buy signal if we can eclipse the highs from that range.
Written by FX Empire