I am slightly bearish on USD/CHF. It has broken down from its uptrend line, resting well on its 0.992 support. We might see a retracement this week as we have a strong bullish hammer bar yesterday. If we couldnt see 0.9967 broken up swiftly, we might see the start of a downward trend ... Watch closely on 0.9967 .
On the Macro POV, market participants are expecting Chair of Federal Reserve to reduce interest rate. Watching this Friday NFP report closely for more guidance on the strength of USD.
On the Macro POV, market participants are expecting Chair of Federal Reserve to reduce interest rate. Watching this Friday NFP report closely for more guidance on the strength of USD.
Comment:
Market is expecting the weakening of USD. More downside to go.
Comment:
Waiting for sell signal at 1.000