USD/CHF has traded to structure support prior to the USD NY Empire State Manufacturing data, which gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. Technically the pair traded above the moving average ribbon, which is now dynamic support in a bullish cross. We anticipate continued upside into the 0.92700 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.