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USDCHF Technical Analysis

On the daily chart below, we can see that the price got rejected from the 0.9118 resistance and it’s now pulling back towards the 0.9006 support where we can also find the red 21 moving average. May was a great month for the USD as strong economic data made the market to price in more rate hikes and price out the rate cuts expected by the end of the year. However, as we reached peak hawkishness, some Fed members signalled the possibility of skipping the June hike to see more data and then decide... Read More

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Usdchf

Technical

Analysis

Forex

Posted: Jun 2 2023, 12:00

Author Name: forexlive

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