johnluke31

NEUTRAL ON USDCHF (DOLLAR IS NO WHERE TO BE FOUND)

FX:USDCHF   U.S. Dollar / Swiss Franc
The proposal for a stimulus bill is otw, however, if they decline the incoming bill. DXY May become bullish for a while. Dont forget the FED specifically stated that it wont raise rates until 2024. Lower rates means bad for the dollar. Looking into a weekly timeframe, it has reached an area of supply, it may retrace a bit before going down or breaking that level to become bullish.
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.