Forex Analysis by MarketPulse (Zain Vawda) covering: US Dollar Japanese Yen, US Dollar Swiss Franc, US Dollar Index Futures. Read MarketPulse (Zain Vawda)'s latest article on Investing.com
USD/CHF found support at the ascending trendline for the third time, hinting at a potential reversal and further upside.
This factor could weigh on the Swiss Franc in the months ahead. However, I believe that expecting the Fed to announce a pause is premature. I think the Fed will keep rates steady but leave the door open for further rate cuts in the second half of the year.From a technical standpoint, USD/CHF topped out on Monday January 13 before beginning its move lower.
A break lower for USD/CHF will require a candle close below the 0.9000 psychological level on the daily timeframe. We did have one yesterday on the H4 chart as you can see below, but that was followed by a swift recovery and bounce back above.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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