USD/CHF Price Analysis: Buyers reclaim the 50-DMA, eyeing a break of 0.9800 towards parity – by christianborjon USDCHF Majors Technical Analysis
since then, the major is up by almost 300 pips, though shy of reaching 0.9800. At the time of writing, the USD/CHF is trading at 0.9785.
Sentiment shifted for the worse in the last hour or so for no fundamental reason. However, traders should not tat US President Biden was due to meet with advisers on China’s tariffs late on Friday, though it remains unclear if he would make a decision or not, according to Reuters sources. Meanwhile, US equities trade in negative territory, and the greenback shifted positive, as shown by theAside from this, the USD/CHF began Friday’s session trading around 0.
Otherwise, the major would be vulnerable to selling pressure, and a fall towards the 50-DMA at 0.9735 is on the cards, and then the USD/CHF could slip to the 0.9700 figure.
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