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The USDCHF market is strong from bearish we are looking because it’s been a long time market has been coming up but a trend line point is to be touched and along with this sellers will get the opportunity and to them the entry point is at 0.9947 and the target point is at 0.9874.

 

usdchf-d1-instaforex-group.png

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  • 4 weeks later...

After an initial uptick to 0.9990 level, the chf to usd pair met with some fresh supply and has now dropped to near 3-week lows. 

The US Dollar extended its retracement slide from a five-month high set yesterday and was seen as one of the key factors behind the pair's intraday slide of over 40-pips from session tops. 

Currently trading around mid-0.9900s, the pair seemed unaffected by a goodish pickup in the European equity markets, which tends to dent the Swiss Franc's safe-haven appeal. 

Even a modest uptick in the US Treasury bond yields, albeit lacked any strong conviction, did little to influence the price-action, with the USD price-dynamics acting as an exclusive driver of the pair's momentum through the mid-European session.

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