USDCHF Technical Analysis
The USDCHF pair is now near a key swing level. Will we get a bounce?
Source: forexlive.com
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The USDCHF pair is now near a key swing level. Will we get a bounce?
USD/CHF moves sideways after two days of minor gains, bidding near 0.8840 during the Asian hours on Friday.
USD/CHF moves on a downward trajectory as the Swiss Franc (CHF) maintains its strength, driven by ongoing CHF repatriation by the Swiss National Bank (SNB).
On Thursday, the USD/CHF pair experienced minor losses, nudging lower to trade around the 0.8835 mark.
The USDCHF pair broke the low following disappointing US data, but the bearish momentum is now waning. What’s next?