USDCHF Technical Analysis
The USDCHF pair retests the broken trendline and sells off as the US labour market data disappoints. What’s next?
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The USDCHF pair retests the broken trendline and sells off as the US labour market data disappoints. What’s next?
The USD/CHF experienced a quiet session on Wednesday near the 0.8990 area, seeing slight losses, with the trajectory of the pair being set by the US Dollar strengthening further.
The publication of the Swiss inflation rate took a bit of a back seat last week.
The USD/CHF finds some support at around the 0.9010 area, though it failed to print a green day on Thursday after market participants speculated the Federal Reserve isn’t raising rates again.
USD/CHF plummets in the mid-North American session on Friday after an employment report in the United States (US) could mark the end of the Federal Reserve (Fed) tightening cycle.