Tuesday saw the USD/CHF pair rise slightly, as the rumors of a Swiss National Bank meeting hit wires. The SNB is rumored to be considering raising the floor on the EUR/CHF to the 1.25 level, and this would cause a massive exodus out of the Franc. If this does come to pass, the USD/CHF would certainly move in tandem. The Franc cannot be bought, under any circumstance at this point in time. The pair could fall back if the rumors prove untrue, but the SNB is still under this pair. Because of this, buying is your only choice now in this pair. The technical set up does look rather bullish at this point, so buying a small position could be a decent long-term play.
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