By FX Empire.com
USD/CHF rose on Monday, showing the move into the US dollar is still reigning supreme across the Forex world. With the Swiss National Bank working against the value of the Swiss Franc, the Dollar has become the last real safe haven in the world of currencies, and as such should continue to rise in value. The upward trade makes sense as we think the “risk off” attitude should continue, and since the CHF can’t rise – this pair is a “buy on the dips” market. We believe that there is a floor of sorts in at the 0.9000 level.
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