USDCHF Bulls Challenged by Persistent Bearish Momentum USDCHF trends lower as buyers struggle to overcome bearish pressure. The currency pair has been the focus of buyers’ attention this week as they attempt to regain their footing in the market. After reversing around the 0.88190 level, the buyers have been trading with more confidence. USDCHF Key…
USD/CHF is prone to more downside due to firm speculation that the Fed will start lowering rates in September. The next move in the US Dollar will be guided by the US Services PMI data for May. Fears of SNB’s stealth intervention in currency markets have strengthened the Swiss Franc. The USD/CHF pair finds temporary…
USD/CHF gains ground near 0.9020 ahead of US PCE Inflation report for April. The US core PCE is projected to have risen steadily. Market sentiment is downside as China’s weak PMI data raises uncertainty over global demand outlook. The USD/CHF pair rebounds to near 0.9050 in Friday’s European session after discovering buying interest around 0.9020. The…
Market Analysis – USDCHF Remains in Consolidation USDCHF flips to the downside towards the 0.92310 significant level. The pair has recently experienced a shift to the downside, with sellers becoming attracted back to the 0.89830 price level. Buyers, on the other hand, have shown signs of weakening, resulting in a lack of significant progress. For…