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USDCHF Technical Analysis - The Bulls are eyeing this strong resistance level

Last week, the Fed hiked by 25 bps as widely expected and left everything unchanged. Fed Chair Powell in the press conference just reaffirmed their data dependency and kept all the options on the table. The economic data since the FOMC meeting has been supporting the soft-landing narrative as the labour market data remained strong and the inflation data missed expectations. On the other hand, the SNB raised interest rates by 25 bps as expected at the last meeting and communicated that additiona... Read More

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Content Topics

Usdchf

Technical

Analysis

Bulls

Eyeing

This

Strong

Resistance

Forex

Posted: Aug 3 2023, 09:06

Author Name: forexlive

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