USD/CHF Could Face Hurdles Near 0.9750

Key Highlights USD/CHF is correcting losses and trading above the 0.9650 support.A key bearish trend line is forming with resistance near 0.9750 on the 4-hours chart.The Swiss CPI increased 0.2% in Dec 2019 (YoY), whereas the forecast was 0%.The US ADP Employment could change 150K in Dec 2019, up from the last 67K. USD/CHF Technical Analysis After a strong decline, US...
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USD/CHF Remains At Risk of Further Declines

Key Highlights The US Dollar failed to break the 1.0000 resistance and declined against the Swiss Franc. There is a major bearish trend line formed with resistance near 0.9980 on the 4-hours chart of USD/CHF. The Swiss Consumer Price Index in Nov 2018 declined 0.3% (MoM), more than the -0.1% forecast. Today, the Euro Zone Services PMI for Nov 2018 will be released...
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Can USD/CHF Capitalize and Trade above 0.9450?

Key Highlights After a major decline, the US Dollar found support near 0.9250 against the Swiss Franc. There was a break above two bearish trend lines with resistance at 0.9290 and 0.9380 on the 4-hours chart of USD/CHF. The pair needs to move above the 0.9450 resistance to gain upside momentum. The Swiss Consumer Price Index in Jan 2018 increased 0.7%, less than ...
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USDCHF Eyes Fed’s Yellen For Next Move

USDCHF Eyes Fed's Yellen For Next Move Key Highlights             US Dollar declined heavily against the Swiss Franc this week and even moved below the 0.9900-0.9800 support area. There was a support trend line formed on the daily chart, which was broken during the downside drift. Today, there is a major event in the US, as Fed's Yellen will testify that c...
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