The dollar is facing exhaustion as some of the traders are booking profits after the recent rate hikes by the Federal Reserve (Fed) in its recent monetary policy meetings.
Price action clearly shows that USDCHF also known as "Swissie" was in a clear uptrend as shown in the chart.
However price met RESISTANCE at around 1.006 area.
Currently price has broken the upward channel and is now trending below 1.002 ahead of the US Retail Sales.
We expect price to find support at previous psychological round numbers.
Price action clearly shows that USDCHF also known as "Swissie" was in a clear uptrend as shown in the chart.
However price met RESISTANCE at around 1.006 area.
Currently price has broken the upward channel and is now trending below 1.002 ahead of the US Retail Sales.
We expect price to find support at previous psychological round numbers.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.