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The USDCHF made a break to the lowest level since January 2015 this week. That's important

The USDCHF broke sharply to the downside this week following the dollar's move lower on the back of lower CPI and PPI. The prices of imports also came in lower with the YoY now down -6.1%. That sent yields lower and it pressured the USDCHF as well.Technically, the price fell below January 2021 at 0.87568. It would ultimately take a move above that level to hurt the sellers looking for more downside momentum on the major break. Ahead of that the 2014 lows near 0.86959 may be a closer target that... Read More

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Content Topics

Usdchf

Made

Break

Lowest

Level

Since

January

2015

This

Week

That s

Important

Forex

Posted: Jul 14 2023, 18:38

Author Name: forexlive

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