News

USD/CHF Price Analysis: Greenback remains weak post-FOMC minutes vs. Swiss franc

  • USD/CHF is trading down while testing the 0.9650 support level. 
  • The FOMC minutes didn’t bring extra volatility to the currency pair. 
 

USD/CHF daily chart

 
USD/CHF is trading just above the 0.9700 figure and below the main SMAs on the daily chart. The FOMC minutes didn’t trigger any spectacular move on the currency pair.
 

USD/CHF four-hour chart

 
USD/CHF is trading down while below the main SMAs. The spot is challenging the 0.9650 support while bears are eying the May’s lows near the 0.9600 figure en route towards the 0.9560 level. On the other hand, retracements up can find resistance near the 0.9700 and 0.9750 levels in the medium-term. 
  

Additional key levels 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.