The USD/CHF pair rose during the session on Thursday as the support area between 0.91 and 0.90 held firm. The pair gave back a bit of the gains late in the day though, so we could perhaps still have a bit of a fight on our hands going forward. The breaking of the 0.91 handle on a daily close would serve as a reason to go long in this pair in our opinion. The area should see strong support going ahead, and with the Swiss National Bank is working against the value of the Franc going forward – we can only buy.
Written by FX Empire