USDCHF Technical Analysis - The pair bounced from the 0.90 handle
The more dovish than expected FOMC decision and the higher than expected Swiss inflation figures led to a notable correction in the USDCHF pair.
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The more dovish than expected FOMC decision and the higher than expected Swiss inflation figures led to a notable correction in the USDCHF pair.
The pair is approaching a key resistance level and we will likely need some more hot US data or another fall in the Swiss inflation figures to increase the bullish momentum
The USDCHF pair continues to consolidate around a key resistance level. What’s next?
The USD/CHF pair trades on a positive note near 0.9125, the highest level since October 2023 on Thursday during the early European session.
The USD/CHF retreats from year-to-date (YTD) highs reached on Wednesday and drops below the 0.9100 figure as risk appetite improves.