The USD/CHF pair bounced enough to form a bit of a hammer during the session on Thursday, as it looks as the market is ready to bounce to the 0.90 handle.
The USD/CHF pair bounced enough to form a bit of a hammer during the session on Thursday, as it looks as the market is ready to bounce to the 0.90 handle. That area should offer resistance, just as the 0.95 level will as they are both very important round numbers that should bring in sellers. We should bounce, simply because the market fell too far. At the very least though, we will go sideways. We have no interest in buying this market, and we look at every bounced as value in the Swiss franc.
USD/CHF Forecast January 23, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
