USD/CHF fell hard on Wednesday, after bumping up against a weekly trend line for a few days. The pair fell straight to 0.8000, and area that was once massive resistance. The bounce from there is good for...
The US dollar is gaining strength again.
The pair is now consolidating its rally started last week. Any setback should be well supported by the 0,80 former resistance.
Greetings. Let’s pull up the USD/CHF chart. We saw a dramatic move downward but we may have seen a potential low to act as a turning point.
An increase in the risk appetites supported high-yielding currencies.
Last friday, we did see the pair confirming its bullish bias with a sharp acceleration above the 0,80 resistance.
The USD/CHF pair finally managed to break above the 0.80 level on Friday, and is closing about 70 pips above that line. This area has been very resistive over the last several sessions, and represents a serious...
USDCHF broke above the downtrend line on daily chart, suggesting that the fall from 0.9774 has completed at 0.7067 already. Further rally is still possible in a couple of weeks, and next target would be at 0.8500...
The Dollar Index is trading flat amidst stable trading observed in most of the asset classes, especially in the equity markets across the World. The Dollar Index is range bound between 73.40-74.50 ranges in the short-term and...
The USD/CHF pair fell slightly during the Thursday session as the 0.8000 level continues to be massively resistive. The Swiss National Bank is below, and willing to support this pair by weakening their own currency.
