The USD/CHF pair finds cushion near the round-level support of 0.8900 in Wednesday’s New York session.
USD/CHF gains ground near 0.8900 as the USD Index holds key support of 104.00. Weak US ADP Employment has limited the US Dollar’s upside. The SNB is expected to interveneamid fears that the weak Swiss Franc could revamp inflation again. The Swiss Franc asset finds support even though there is a firm speculation that the Swiss National Bank will intervene in currency markets to support the Swiss Franc. The Swiss Franc is up 3.
USD/CHF discovers buying interest near the horizontal support plotted from February 14 high at 0.8886. Earlier, the Swiss Franc asset weakened after breaking below the horizontal support marked from April 5 near 0.9000, which has become a major resistance for the US Dollar bulls. The overall trend is bearish as the major stays below the 50- and 200-day Exponential Moving Averages , which trade around 0.9038 and 0.8590, respectively.
Supportresistance Fed SNB Employment
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/CHF Price Analysis: Breaking back inside rising channel as bulls reassert controlUSD/CHF is in the process of breaking back inside its rising channel as the bull trend tries to pick up momentum following a period of weakness.
Baca lebih lajut »
USD/CHF Price Analysis: Critical moment, pair is vulnerable to bearish reversalUSD/CHF is at a critical crossroads in its technical development.
Baca lebih lajut »
USD/CHF Price Analysis: Breaks 0.9100 with bulls targeting YTD highOn Monday, the USD/CHF registered more than 0.20% gains, with buyers regaining control and achieving a daily close above 0.9100.
Baca lebih lajut »
USD/CHF Price Analysis: Bears moved in as ‘evening star’ pattern loomsThe USD/CHF extended its losses for two straight days and is down some 0.16%, courtesy of broad US Dollar weakness, undermined by lower US Treasury yields.
Baca lebih lajut »
USD/CHF seems vulnerable near 0.8900 ahead of US Services PMIThe USD/CHF pair finds temporary support near 0.8900 in Wednesday’s Asian session.
Baca lebih lajut »
US Dollar Price Action Setups: EUR/USD, AUD/USD, USD/CHF Levels to WatchUS dollar setups come into focus as data weakens. EUR/USD awaits ECB cut, AUD/USD eyes lower levels on waning risk appetite, and USD/CHF flashes overheating signals after a sharp drop
Baca lebih lajut »