USD/CHF Rallies To New 3-Year High

Key Highlights The US Dollar rallied and traded to a new 3-year high above 1.0200 against the Swiss Franc.USD/CHF broke a crucial ascending channel near 1.0060 on the 4-hours chart and surged higher.The US New Home Sales in March 2019 increased 4.5% (MoM), whereas the forecast was -2.5%.The BoC Interest Rate Decision will be announced today (forecast – no change from 1.75...
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USD/CHF Remains At Risk Of More Downsides

Key Highlights The US Dollar recently failed to break the key 1.0000 resistance against the Swiss Franc.A crucial resistance is formed near 0.9990 on the 4-hours chart of USD/CHF.The US ISM Non-Manufacturing Index declined from 59.7 to 56.1 in March 2019.The US Initial Jobless Claims for the week ending March 30, 2019 could rise from 211K to 216K. USDCHF Technical Analys...
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USD/CHF Could Revisit February 2019 Highs

Key Highlights The US Dollar gained traction above the 1.0000 resistance against the Swiss Franc. USD/CHF broke a crucial bearish trend line at 0.9995 on the 4-hours chart. The US ADP Employment declined from the last revised reading of 300K to 183K in Feb 2019. The US Initial Jobless Claims for the week ending Feb 26, 2019 will be released today, which could rema...
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USD/CHF Could Extend Losses Below 0.9980

Key Highlights The US Dollar declined recently and broke the 1.0050 support against the Swiss Franc. There is a key bullish trend line in place with support at 0.9990 on the 4-hours chart of USD/CHF. The US Building Permits in Dec 2018 increased 0.3%, while Housing Starts declined 11.2%. The US Durable Goods Orders figure for Jan 2019 will be released today, which...
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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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USD/CHF Breaks Key Support Ahead of Fed’s Rate Decision

Key Highlights The US Dollar started a downside move from the 1.0090 resistance against the Swiss Franc. There was a break below two important bullish trend lines at 1.0030 on the 4-hours chart of USD/CHF. The Euro Area Retail Sales in Sep 2018 increased 0.8% (YoY), more than the 0.7% forecast. Today, the Fed Interest Rate Decision is scheduled, which is forecaste...
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USD/CHF Recovery Could Be Capped Near 0.9780

Key Highlights The US Dollar found support near 0.9650 and recovered against the Swiss Franc. There is a key bearish trend line in place with resistance at 0.9775 on the 4-hour chart of USD/CHF. The Swiss Consumer Price Index remained flat in August 2018 (MoM). Today, the US Trade Balance figure will be released for July 2018, which is forecasted to post a deficit...
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USD/CHF Likely To Correct Lower Towards 0.9900

Key Highlights The US Dollar failed to move above the 0.9980 resistance and declined against the Swiss Franc. There is a key bearish trend line forming with resistance at 0.9965 on the 4-hours chart of USD/CHF. The Swiss Foreign Currency Reserve increased to 750B from 749B in June 2018. Spain’s Industrial Output for June 2018 will be released today, which is for...
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USD/CHF Remains Supported Ahead of USD GDP

Key Highlights The US Dollar is trading in a bullish zone above the 0.9880 support against the Swiss Franc. There is a crucial bullish trend line formed with support at 0.9880 on the 4-hours chart of USD/CHF. The US durable goods orders decreased 0.6% in May 2018 (MoM), less than the forecast of -1.0%. Today in the US, the GDP figure for Q1 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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