Key PointsThe US Dollar recovered well from the 0.9640 low against the Swiss Franc and moved above 0.9700. The USDCHF pair broke a short-term bearish trend line at 0.9705 on the hourly chart. Today, the Swiss Producer and Import Prices for May 2017 was provided by the Federal Statistical Office. The outcome was below the forecast of -0.1%, as the Producer and Import Prices declined by 0.3% (MoM). USDCHF Technical Analysis
The US Dollar faced selling pressure yesterday and declined below 0.9660 against the Swiss Franc. Later, the USDCHDF pair recovered and moved above the 0.9690 resistance and the 21 hourly simple moving average.
The pair also managed to clear the [...]
Key PointsThe US Dollar recently traded higher but found resistance near 1.0120 against the Swiss Franc. There is an important bearish trend line with resistance at 1.0120 on the hourly chart of USDCHF. Today in Switzerland, the Gross Domestic Product for Q4 2016 was released by the Swiss Statistics. The result was below the market expectation, as there was a rise of 0.1%, less than the forecast of 0.4%. USDCHF Technical Analysis
The US Dollar remained in an uptrend against the Swiss Franc, and traded higher from the 1.0065 support and the 21 hourly simple moving average. The USDCHF pair is again testing highs, but struggling to break the 1.0120 resistance.
Key PointsThe US Dollar surged higher sharply against most major currencies as the fed decided to raise rates. There was a bearish trend line formed on the hourly chart of USDCHF, which was broken at 1.0105 for an upside move. Yesterday, the fed interest rate decision was announced by the Board of Governors of the Federal Reserve. The result was as expected, as the fed increased the interest rates from 0.5% to 0.75%. USDCHF Technical Analysis
The US Dollar popped higher sharply against the Swiss franc after the fed interest rate decision to break the 1.0100 resistance. There was a crucial bearish trend line formed on the hourly chart of USDCHF, which was cleared [...]
Key PointsThe US Dollar after trading near 0.9820 for some time against the Swiss Franc found sellers and traded down. The downside in the USDCHF pair found support around a bullish trend line on the hourly chart. Today, the Switzerland Trade Balance figure was released by the Federal Customs Administration. The outcome was on the lower side, as the trade surplus was 3,025M in August 2016. USDCHF Technical Analysis
The US Dollar moved down recently against the Swiss Franc after failing to break the 0.9820 level. The USDCHF pair moved down and broke the 21 hourly simple moving average. However, the downside was protected by a bullish trend line on the hourly [...]