- Fundamental news in the United States debilitated the US Dollar and boosted the Swiss Franc.
- Oscillators like RSI and the Rate of Change suggests sellers are gathering momentum.
- USD/CHF Price Analysis: Break below 0.9300 will exacerbate a fall to 0.9200.
The USD/CHF extended its losses for two-straight days, courtesy of a gloomy economic outlook in the United States (US), as manufacturing activity shrank while the US Federal Reserve (Fed) tightened monetary conditions. Therefore, the US Dollar (USD) weakened, contrarily to the Swiss Franc (CHF). At the time of writing, the USD/CHF is trading at 0.9366, beneath its opening price by 0.92%.
USD/CHF Price Analysis: Technical outlook
The USD/CHF is dropping sharply, as shown in the daily chart. The 170-pip fall spurred by the Federal Reserve, slowing the speed of rate hikes, exacerbated the fall from around 0.9530s. Even though the USD/CHF dived sharply,…
