Fundamental approach:
- The US dollar-swiss franc posted a net gain this week, supported by broad US dollar strength amid the Fed's 'hawkish hold', keeping rates in the 3.50%–3.75% range, while the Swiss franc faced headwinds as the SNB also held its policy rate unchanged at 0%.
- The pair climbed through mid-week as the Fed signaled no urgency to cut rates, underpinned by resilient US labor data and sticky core inflation.
- The SNB's decision to hold, as universally anticipated, offered little surprise to markets; however, investors focused on Chairman Martin Schlegel's press conference for signals on FX intervention rhetoric, given the SNB's growing willingness to cap CHF appreciation to avoid deflationary risks.
Technical approach:
- USDCHF saw larger swings after bottoming out around 0.7640. The price is above both EMAs, indicating an upward shift.
- If USDCHF remains above 0.7840, the price may rise to retest the resistance at 0.8100.
- On the contrary, breaking below 0.7840 may prompt a further correction toward the following support at 0.7640.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- The US dollar-swiss franc posted a net gain this week, supported by broad US dollar strength amid the Fed's 'hawkish hold', keeping rates in the 3.50%–3.75% range, while the Swiss franc faced headwinds as the SNB also held its policy rate unchanged at 0%.
- The pair climbed through mid-week as the Fed signaled no urgency to cut rates, underpinned by resilient US labor data and sticky core inflation.
- The SNB's decision to hold, as universally anticipated, offered little surprise to markets; however, investors focused on Chairman Martin Schlegel's press conference for signals on FX intervention rhetoric, given the SNB's growing willingness to cap CHF appreciation to avoid deflationary risks.
Technical approach:
- USDCHF saw larger swings after bottoming out around 0.7640. The price is above both EMAs, indicating an upward shift.
- If USDCHF remains above 0.7840, the price may rise to retest the resistance at 0.8100.
- On the contrary, breaking below 0.7840 may prompt a further correction toward the following support at 0.7640.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
액티브 트레이드
retested the support before surging
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.