USD/CHF is seeing some selling on Wednesday amid modest dollar weakness. Encouraging US economic data fails to impress or lend support to dollar bulls. The decline appears cushioned ahead of the long-awaited FOMC decision. The pair USD/CHF dipped during the early American session and is now flirting with the daily low, around the 0.9600 round […]
Tag: USDCHF
USD/CHF Price Analysis: Bounces off 100 DMA but struggles around 0.9650
USD/CHF got a bid ahead of the FOMC meeting with mixed sentiment. From a medium-term perspective, USD/CHF has a bullish bias; could retest 0.9900. USD/CHF Price Analysis: A bearish pennant has emerged which, once broken, would see the pair drop towards 0.9580. The USD/CHF is rebounding from last week’s low and 100-day moving average (DMA) […]
USD/CHF Price Analysis: The pair stumbles towards a fresh two-week low below 0.9650
USD/CHF will end the week with solid losses of 1.30%. Market sentiment remains negative, a headwind for USD/CHF. USD/CHF Price Analysis: A break below 0.9600 would open the door towards 0.9510. The USD/CHF falls on worse-than-expected US PMI data, further extending its weekly losses as sentiment deteriorates due to the aforementioned and earnings reports from […]
USD/CHF Price Analysis: Dollar falls below 0.9700 as mood improves
USD/CHF still has a bullish bias, but in the short term it could head towards 0.9600. A change in market sentiment, lower dollar demand, and a USD/CHF headwind. USD/CHF Price Analysis: Bearish-neutral, and if sellers retake 0.9670, the major will drop towards 0.9600. The USD/CHF retreats for the second day in a row below 0.9700, […]
USD/CHF Price Analysis: Buyers reclaim 0.9700 area on fragile sentiment
USD/CHF trims part of its weekly losses, from 1.37% to 0.70%. US stocks fluctuate, reflecting mixed investor sentiment, courtesy of Google’s hiring halt. USD/CHF Price Analysis: A break above 0.9800 would open the door towards 0.9900. The USD/CHF bounces off weekly lows around 0.9650, paring some of its weekly losses, and rises towards the 50-day […]
USD/CHF extends intraday recovery from two-week low and climbs above 0.9700
USD/CHF gains some positive traction on Wednesday and reverses some of the previous day’s decline. A positive risk tone weighs on the safe haven CHF and offers support to the pair. High US bond yields help the dollar stop its corrective pullback and provide a modest boost to the pair. The pair USD/CHF attracts some […]
USD/CHF falls below 0.9700 to two-week lows as dollar continues to pull back
USD/CHF witnessed strong selling on Tuesday and fell to a nearly two-week low. The dollar’s ongoing pullback from a two-decade high continued to put pressure. Rises in US bond yields and risk-on momentum could help limit losses. The pair USD/CHF found a fresh bid near the 0.9785 area on Tuesday and extended its corrective decline […]
USD/CHF Price Analysis: Pullback from weekly highs, targeting the 50 DMA
USD/CHF pulls back from 0.9886 in a volatile session, despite positive US data. The Swiss franc has gained almost 1% in the last two days. USD/CHF Price Analysis: Sellers are eyeing 0.9700 which would open the door for buyers to lift the pair towards 0.9800. The USD/CHF falls after reaching a weekly high on Thursday, […]
USD/CHF extends correction from multi-week highs and flirts with 0.9800 level
USD/CHF pulls away from multi-week highs amid mild USD pullback. Less aggressive statements from Fed officials and lower US bond yields weigh on the dollar. The decline appears supported as investors await US macroeconomic data for further momentum. The pair USD/CHF extends pullback the previous day from the 0.9885 region, or a multi-week high, and […]
USD/CHF hits fresh three-week highs above 0.9850
The dollar remains firm in the market in a context of risk aversion. Stocks fall in Europe and in Wall Street preview. USD/CHF rises for the eighth day in a row. The USD/CHF continues to advance non-stop and is already eight days in a row, buoyed by a stronger dollar. The pair climbed to three-and-a-half-week […]