USD/CHF is expected to weaken further amid a weakening DXY. There is hope that the Russian-Ukrainian conflict will de-escalate after some Russian rebels depart. Russian-Ukrainian peace talks were a fruitful example of impulsive risk. The USD/CHF outlook remains negative as the US dollar bulls run out of steam amid positive risk sentiment, resulting in a flow out of safe-haven assets. –Are you interested in learning more about Canada forex brokers? Check our detailed guide- As market participants’ increased risk appetite shifts liquidity away from safe havens and into riskier currencies, the USD/CHF price falls. As a result, despite last week’s low of 0.9260, the asset is expected to remain weak. Optimism from the Russian saga Following the withdrawal of Russian troops from Ukraine, the mood of market participants has improved due to the de-escalation of relations between the two countries. Russian rebels agreed to renounce alliances and withdraw from northern Ukraine and Kyiv as part of their first face-to-face meetings with Ukrainian officials in Turkey. However, the Russian chief negotiator said a formal deal with Kyiv is still a long way off as Russia’s pledge to reduce hostilities does not mean a ceasefire. However, many investors still see the move as a possible step toward a truce. Greenback pares gains Due to optimistic market sentiment, the US Dollar Index (DXY) is expected to drop below 98.00. However, the improvement in the US consumer confidence index was ignored by market participants. Consumer confidence in the US rose to 107.2 in March, up from 105.7 released a month earlier and a tad above expectations of 107.0. The data showed that US citizens feel more confident about their country’s economic performance. Get FREE Forex Signals Now! USD/CHF daily open interest outlook The USD/CHF price closed lower on Tuesday, while the daily open interest showed no significant change. Therefore, it shows no clear directional bias. What’s next to watch for the USD/CHF outlook? The US Nonfarm Payrolls (NFP) report, due Friday, will remain one of the most important events for the market this week. In addition, ADP gross domestic product (GDP) and employment data are scheduled for release on Wednesday, but investors will be watching these data first. –Are you interested in learning more about social trading platforms? Check our detailed guide- USD/CHF price technical outlook: 200-SMA to support The USD/CHF price remains strongly negative as the key SMAs on the 4-hour chart point to the downside. The chart shows several down bars with very high spread and high volume. As of now, the pair is toying with the 200-period SMA. Breaking below the level will gather more selling and aim for a 0.9200 area. Alternatively, if the price finds some respite around the 200-period SMA, we may see a rise towards 0.9300 followed by 0.9350. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Majors share Read Next GBP/USD Price Regains 1.31 amid Risk Flows, Lacks Follow-Through Saqib Iqbal 2 months USD/CHF is expected to weaken further amid a weakening DXY. There is hope that the Russian-Ukrainian conflict will de-escalate after some Russian rebels depart. Russian-Ukrainian peace talks were a fruitful example of impulsive risk. The USD/CHF outlook remains negative as the US dollar bulls run out of steam amid positive risk sentiment, resulting in a flow out of safe-haven assets. -Are you interested in learning more about Canada forex brokers? Check our detailed guide- As market participants' increased risk appetite shifts liquidity away from safe havens and into riskier currencies, the USD/CHF price falls. As a result, despite last week's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.