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USD/CHF

USD/CHF

Thomas Long, Course Instructor

usdchf 0610

Like the EUR/USD, this market reversed in December of 2009 and has continued it's strong run since. My only concern with buying this pair is the present threat of Swiss National Bank intervention. The central bankers would like to see the CHF weaken which is what is happening here, but all CHF pairs have been prone to spikes on rumors of intervention. Those spikes can be big enough to knock you out of a trade in spite of the strong uptrend, so beware and as usual, make sure you have stops in the market if you have an open buy position.

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