In Wednesday’s session, the USD/CHF saw gains for a second consecutive day, jumping towards 0.8960. On the USD side, positive Housing Market data and
USD/CHF approached 0.8960, seen 0.30% gains. ZEW survey figures from Switzerland from October revealed that expectations worsened. Housing data from the US came in better than expected. higher US yields made the green currency find demand. On the other hand, weak expectations data from Switzerland seems to be weakening the CHF. In line with that, the U.S. Census Bureau revealed that the New Home Sales from September lived up to the expectations. The headline figure came in at 0.
On the other hand, the ZEW Expectations survey from Switzerland from October plunged to -37, as expected, and the gloomy outlook of the Swiss economy seems to have weakened the CHF. USD/CHF Levels to watch According to the daily chart, the technical outlook for the USD/CHF remains neutral to bullish as the bulls are recovering ground while the bears consolidate the recent downward movements.
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