The USD/CHF pair retreats while attempting to extend recovery above the immediate resistance of 0.8950 on Thursday.
USD/CHF drops back to 0.8900 as Swiss Franc strengthens amid fears of SNB ’s stealth intervention plans. A weak Swiss Franc had made Swiss exports competitive in the global market. The US Dollar bouncesback as investors turn cautious ahead of the US NFP . The Swiss Franc asset drops as the Swiss Franc strengthens amid growing speculation that the Swiss National Bank will intervene in the currency market to boost the Swiss Franc’s demand.
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 20- and 50-day Exponential Moving Averages appear to deliver a bear cross near 0.9035. The 14-period Relative Strength Index shifts into the bearish range of 20.00-60.00 from the bullish range of 40.00-80.00, indicating a bearish reversal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CHF Price Analysis: Finds support below 200-DEMA despite likely SNB’s interventionThe USD/CHF pair finds cushion near the round-level support of 0.8900 in Wednesday’s New York session.
Read more »
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.
Read more »
USD/CHF Price Analysis: Critical moment, pair is vulnerable to bearish reversalUSD/CHF is at a critical crossroads in its technical development.
Read more »
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.
Read more »
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.
Read more »
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
Read more »