USD/CHF fell on Tuesday as traders sold the Dollar to buy riskier assets in general. However, the USD/CHF pair did see a bit of a rebound late in the day as the rallies worldwide fell off. The pair is being supported by the Swiss National Bank, and as a result – we do not sell, only buy on dips. The pair looks bullish, but the nature of this pair suggests that it might be choppy with a positive tone going forward. We cannot sell with the SNB lurking below.
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