This is the Level to Buy the Swissy

In a similar fashion to the Yen, the Swissy wasn’t able to rally through overhead resistance. I’m bullish on the USD/CHF and I think the current pullback might be a good buying opportunity.

Parity is often a big psychological level and dips below that might find us springing back to 1.000 and through the other side. That’s my thinking anyhow.

As such, I’ll be a buyer at 0.9950. I think we will retest resistance in the next week or so, however, there might be some more USD downside in the next few days. That might be enough for us to get a good entry here.

USD/CHF – 240 min Chart.

ABOUT THE AUTHOR See More

Rowan Crosby

Asia-Pacific Analyst

Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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