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USDCHF Technical Analysis

On the daily chart below for the USDCHF, we can see that the Swiss Franc has been strengthening a lot lately as the market keeps pricing in interest rates cuts from the Fed by the end of the year and there’s also some flight to safety as economic data recently deteriorated markedly. In fact, going into a recession the CHF and the JPY generally strengthen against the USD. So, this trend lower may be attributed to both rate cuts expectations and recession fears. The daily moving averages are well... Read More

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Usdchf

Technical

Analysis

Forex

Posted: Apr 13 2023, 09:15

Author Name: forexlive

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