USD/CHF Technical: Potential continuation of medium-term downtrend
USD/CHF bearish reaction right at medium-term descending resistance and 50-day moving average at 0.8830, further potential downside looms
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USD/CHF bearish reaction right at medium-term descending resistance and 50-day moving average at 0.8830, further potential downside looms
On Tuesday, the USD/CHF traded with mild gains, near the critical 0.8800 zone. On the US side, Thomas Barking from the Federal Reserve (Fed) commented
USD/CHF clashes with the 50-day Moving Average (DMA) at 0.8808 and retraces, and prints a daily low of 0.8785 amid a choppy trading session as investo
The USD/CHF pair trades flat with mild gains above the 0.8800 area heading into the early European session on Thursday. The pair has been trading with
On Thursday, the USD/CHF lost ground as the USD seemed to be consolidating gains. The USD DXY index rose to its highest level since January at 103.60,