USD/CHF rose, but fell as well on Friday and then gained some ground back in the end of trading. The pair is decidedly bullish, and we now see dips as buying opportunities. The Friday action saw this pair test the 0.9000 as support, and it held. In our opinion, with the Swiss National Bank actively working against the Franc, this pair will probably hit parity in the relative near term. It will rise as global fears rise. Because of this, we like buying dips from this point on, as long as we can stay above the 0.88 level.
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