USDCHF: Continuing downtrend
Today, the USD/CHF currency pair looks to rest at monthly lows, settling around 0.8920 entering the European session on Friday, after recording an impressive recovery to convince traders sales yesterday.
The Swiss franc (CHF) fell the most in a week as it broke through key technical support levels, convincing investors to favor extended lows. What raises hopes for USD/CHF sellers are the negative signals.
While it is impossible to accurately predict the future of financial markets, it seems that the USD/CHF currency pair is under pressure from bearish investors. We will continue to monitor developments going forward to see whether sellers can maintain patience at this low level.
The Swiss franc (CHF) fell the most in a week as it broke through key technical support levels, convincing investors to favor extended lows. What raises hopes for USD/CHF sellers are the negative signals.
While it is impossible to accurately predict the future of financial markets, it seems that the USD/CHF currency pair is under pressure from bearish investors. We will continue to monitor developments going forward to see whether sellers can maintain patience at this low level.
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