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USDCHF Technical Analysis - The bears are watching a key level

The miss in the US CPI saw the US Dollar being sold off hard across the board as the market expected the end of the rate hike cycle after the July meeting. The US data though kept on surprising to the upside and this has led the market to have a rethink. In fact, we got another very strong US Consumer Confidence report yesterday that suggests that the economy is still good and the Fed might need to do more to bring inflation sustainably back to their target. On the other hand, the SNB raised int... Read More

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Content Topics

Usdchf

Technical

Analysis

Bears

Watching

Level

Forex

Posted: Jul 26 2023, 06:12

Author Name: forexlive

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