This is the Level to Buy the Swissy - Forex News by FX Leaders

This is the Level to Buy the Swissy

Posted Tuesday, November 7, 2017 by
Rowan Crosby • 1 min read

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.

 

Swissy

USD/CHF – 240 min Chart.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of