The US Dollar consolidates near highs with bears contained at 0.9075.
Easing geopolitical fears and monetary policy divergence are weighing on the Swiassie. USD/CHF: Support at 0.9075 is closing the path towards the key 0.8980 - 0.9000 area. The US Dollar regained lost ground on Friday, following a risk-averse reaction to Israel’s drone attack on Iran, and the pair has remained consolidating on Monday, with bears contained above 0.9075. A moderate risk appetite, amid ebbing geopolitical fears, and lower US Treasury yields have weighed on demand for the USD.
In this sense, Thursday’s US Q1 Gross Domestic Product and Friday’s PCE Prices Index will be analysed with particular interest. USD/CHF Price Analysis: Technical outlook Technical indicators show the bullish trend still active, with no clear sign of a trend shift in sight apart from some bearish divergence in the 4 H RSI. Immediate support at 0.9075 is closing the path towards the key 0.8980 - 0.9000 area, where the late-march lows and trendline support meet. On the upside, a break of 0.
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