USD/CHF news:
👉The USD/CHF pair continues its recovery from the mid-0.8800s—its lowest level since December 12—gaining upward momentum for the second consecutive day on Thursday. During the Asian session, spot prices climb back above the 0.8900 level, although the upward movement remains limited due to ongoing bearish sentiment surrounding the US Dollar (USD).
👉The US Dollar Index (DXY), which measures the USD against a basket of major currencies, has dropped to a four-month low amid growing expectations that the Federal Reserve (Fed) will implement multiple interest rate cuts this year. These expectations were reinforced by Wednesday's weak ADP report, which revealed that private-sector employers added only 77K jobs in February. Additionally, concerns persist that trade tariffs imposed by US President Donald Trump could significantly slow the US economy, further weighing on the dollar.
👉However, a notable rebound in US Treasury bond yields helps further curb USD declines. Additionally, the risk-on sentiment in equity markets weakens demand for the safe-haven Swiss Franc (CHF), offering some support to the USD/CHF pair. Nonetheless, traders may wait for stronger buying momentum before confirming a near-term bottom and anticipating further gains. Many may also remain cautious ahead of Friday’s release of the US Nonfarm Payrolls (NFP) report.
Personal opinion:
👉USD/CHF will reverse lower after the bullish momentum gradually weakens and is replaced by less positive economic news for the USD.
Analysis:
👉Rely on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/CHF 0.8920 – 0.8930
❌SL: 0.88960 | ✅TP: 0.8860 – 0.8820 – 0.8770
FM wishes you a successful trading day đź’°đź’°đź’°
👉The USD/CHF pair continues its recovery from the mid-0.8800s—its lowest level since December 12—gaining upward momentum for the second consecutive day on Thursday. During the Asian session, spot prices climb back above the 0.8900 level, although the upward movement remains limited due to ongoing bearish sentiment surrounding the US Dollar (USD).
👉The US Dollar Index (DXY), which measures the USD against a basket of major currencies, has dropped to a four-month low amid growing expectations that the Federal Reserve (Fed) will implement multiple interest rate cuts this year. These expectations were reinforced by Wednesday's weak ADP report, which revealed that private-sector employers added only 77K jobs in February. Additionally, concerns persist that trade tariffs imposed by US President Donald Trump could significantly slow the US economy, further weighing on the dollar.
👉However, a notable rebound in US Treasury bond yields helps further curb USD declines. Additionally, the risk-on sentiment in equity markets weakens demand for the safe-haven Swiss Franc (CHF), offering some support to the USD/CHF pair. Nonetheless, traders may wait for stronger buying momentum before confirming a near-term bottom and anticipating further gains. Many may also remain cautious ahead of Friday’s release of the US Nonfarm Payrolls (NFP) report.
Personal opinion:
👉USD/CHF will reverse lower after the bullish momentum gradually weakens and is replaced by less positive economic news for the USD.
Analysis:
👉Rely on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/CHF 0.8920 – 0.8930
❌SL: 0.88960 | ✅TP: 0.8860 – 0.8820 – 0.8770
FM wishes you a successful trading day đź’°đź’°đź’°
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âś… t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
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Channel: signals - knowledge and FOREX comments
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.