USD/CHF fell for the session as the Dollar got hit all around. Weaker than expected December retail sales were a weight on the “risk on” sentiment for the session, and as a result the Dollar fell against many other currencies – the Franc included. However, we feel the 0.93 level is still supportive from the triangle breakout of a couple of week ago, and we are simply going to wait until we get closer to it in order to buy supportive candles. We are buying dips, but do not want to sell the Dollar in general at the moment as headline risks can come back into the market at any given moment.
Written by FX Empire