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Dolar AS vs Franc Swiss H4 Live Forex Chart
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forex_trader_3355764
Jul 27, 2023 at 12:05
Our sell orders on USDCHF currency pair has successfully hit the target around 0.85542
forex_trader_3355764
Jul 25, 2023 at 15:41
CHF Likely to Gain More Strength in Coming Weeks
The Swiss Franc has been gaining strength against the US dollar since November 2022. The pair is now trading at levels last seen in 2011, due to the franc's status as a safe haven currency and comments from the Swiss National Bank (SNB) about potential FX intervention.
The USDCHF currency pair bounced from the support at 0.8706, but the 4-hour chart shows a doji and long-wicked candle, suggesting that the franc is likely to gain more strength. The moving averages and technical indicators also suggest sell signals.
There are not many high-impact risk events on the calendar this week, but we do have US building permits later today, followed by CB Consumer Confidence and the FOMC meeting next week. The key to the FOMC meeting will be the comments by Fed Chair Powell, as well as any updates on the Fed's projections for the rest of the year.
The Swiss Franc has been gaining strength against the US dollar since November 2022. The pair is now trading at levels last seen in 2011, due to the franc's status as a safe haven currency and comments from the Swiss National Bank (SNB) about potential FX intervention.
The USDCHF currency pair bounced from the support at 0.8706, but the 4-hour chart shows a doji and long-wicked candle, suggesting that the franc is likely to gain more strength. The moving averages and technical indicators also suggest sell signals.
There are not many high-impact risk events on the calendar this week, but we do have US building permits later today, followed by CB Consumer Confidence and the FOMC meeting next week. The key to the FOMC meeting will be the comments by Fed Chair Powell, as well as any updates on the Fed's projections for the rest of the year.
