The USD/CHF pair rose on Thursday, as the world bought Dollars in general. The Swiss Franc is being actively shorted and jawboned down by the Swiss National Bank, and as such – it has lost its “safe haven” status. This makes sense that the pair rises, as traders run for safety, they buy the USD and toss out the SNB. Besides, who wants to fight a central bank? The pair looks strong, and we believe that a temporary floor is in at the 0.9000 level. Shorting isn’t advised rather we prefer buying dips in general.
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