Intraday news and views – USD/CHF

AceTrader Team AceTrader

Intraday market moving news and views

Update Time: 11 Aug 2022 05:30GMT.

Intraday USD/CHF - 0.9438

Although dlr's rebound on short covering after Intraday selloff on soft US CPI to a near 4-month trough of 0.9394 would bring range trading in Europe, as long as 0.9450/52 holds, downside bias remains for weakness to 0.9385, then 0.9355 later today.

Stand aside as below 0.9405/10 needed for a re- test of 0.9394, break, 0.9365/70.

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Led by world-renowned technical analyst Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day.

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Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.