USD/CHF extends its rally to four straight days, refreshing seven-week highs. Solid resistance lies around the confluence of the upper trend line of an ascending channel and a psychological price level around 0.9800. The USD/CHF is advancing strongly after hitting a daily low at 0.9726. in the North American session. USD/CHF is trading at 0.9758 […]
Tag: USDCHF
USD/CHF Price Analysis: Rises sharply towards six-week highs around 0.9760
USD/CHF recovers the 0.9700 figure, advancing towards the 0.9800 mark, up 0.70%. USD/CHF Price Analysis: Daily Close Above 0.9740 Opens Path To 0.9900; otherwise, a drop to 0.9600 is anticipated. The USD/CHF rises during the North American session, reaching a six-week high around 0.9762, falling below the 20-day EMA, widening the gap from the long-term […]
USD/CHF continues to rise and tests 0.9750, the franc among the weakest
The Swiss franc among the weakest in the market, affected by expectations of rate hikes in Europe. Dollar modestly, DXY remains in recent range. USD/CHF tests the resistance at 0.9750. USD/CHF rose as high as 0.9749, reaching the highest level in almost three weeks. The pair remains in the high zone, and accumulates a rise […]
USD/CHF Hits One-Month Highs Above 0.9700
The Swiss franc is one of the worst performers amid rising yields. USD/CHF breaks out of key range and extends rally. EUR/CHF at the highest level in 11 days. The USD/CHF hangs on to daily profits and hits the highest close in a month. The pair reached a high during the Asian session at 0.9707 […]
SNB: Structural factors could lead to persistently higher inflationary pressure – Thomas Jordan
Speaking at the Kansas City Fed’s annual Jackson Hole symposium on Saturday, the president of the Swiss National Bank (SNB), Thomas Jordanwarned of the persistence of inflationary pressures. Featured Statements “Structural factors such as the transition to a greener economy, the increase in sovereign debt around the world, the demographic transition and, ultimately, also the […]
USD/CHF Price Analysis: It is at the top of the 0.9600-0.9660 range
USD/CHF rebounds from weekly lows to end the week with gains of 0.73%. From a daily chart point of view, USD/CHF has nowhere to go; probably remain in consolidation. In the short term, a symmetrical triangle on the 4-hour chart of USD/CHF points to 0.9767. The USD/CHF rallies after hitting weekly lows around 0.9577 earlier […]
USD/CHF Price Analysis: Weakened around 0.9635
USD/CHF changes hands below its opening price, despite recovering from daily lows. USD/CHF is range bound as a break of the range top will pave the way above the 0.9700 figure; otherwise, a drop to 0.9550 is anticipated. The USD/CHF falls into negative territory after refreshing five-week highs around 0.9650, courtesy of broad US dollar […]
USD/CHF flirts with daily low, bears await break below 0.9600
USD/CHF meets fresh supply on Wednesday and falls to the 0.9600 zone. Recession fears offer some support to the safe haven CHF and put pressure on the pair. Softer US bond yields act as a dollar headwind and contribute to modest weakness. Aggressive expectations from the Fed should limit any significant decline in the USD […]
USD/CHF continues to climb past 0.9650, hitting one-month highs ahead of US data.
USD/CHF gains traction for the seventh day in a row and jumps to a one-month high. Recovering risk sentiment undermines CHF safe haven and offers support. The Fed’s aggressive expectations act as a tailwind for the dollar and favor bullish traders. The pair USD/CHF extends its bullish movement for the seventh consecutive day on Tuesday […]
USD/CHF Hits Two-Week Highs Amid Sustained Dollar Buying
USD/CHF gains traction for the sixth day in a row and rises to a two-week high on Monday. Aggressive expectations from the Fed continue to support the dollar and continue to support the upward movement. Recession fears and risk-off mood benefit safe-haven CHF and appear to limit pair’s gains The pair USD/CHF it continues its […]