Home USD/CHF Price Analysis: Greenback remains weak post-FOMC minutes vs. Swiss franc
FXStreet News

USD/CHF Price Analysis: Greenback remains weak post-FOMC minutes vs. Swiss franc

FX Street
Updated:
  • USD/CHF is trading down while testing the 0.9650 support level. 
  • The FOMC minutes didn’t bring extra volatility to the currency pair. 
 

USD/CHF daily chart

 
USD/CHF is trading just above the 0.9700 figure and below the main SMAs on the daily chart. The FOMC minutes didn’t trigger any spectacular move on the currency pair.
 

USD/CHF four-hour chart

 
USD/CHF is trading down while below the main SMAs. The spot is challenging the 0.9650 support while bears are eying the May’s lows near the 0.9600 figure en route towards the 0.9560 level. On the other hand, retracements up can find resistance near the 0.9700 and 0.9750 levels in the medium-term. 
  

Additional key levels 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024