USD/CHF: the dollar is trying to rebound against the franc

USD/CHF could rebound to 0.9850 in the near term From a technical analysis perspective, USD/CHF has rebounded strongly from major support at 0.94 after dwelling on that level for several sessions. The risk/return ratio becomes again in favor of buying above this support and the powerful rebound opens the way to a potential reversal which … Read more

USD/CHF: the dollar returns to test key support against the franc

The franc benefits from the rapid monetary tightening of the SNB The price of USD/CHF has been under pressure since mid-June following the unexpected rate hike by the Swiss National Bank (SNB). Some analysts were expecting the SNB’s first rate hike of 25 basis points in June, most in September, but the central bank decided … Read more