Do you think the USDCHF pair will continue to develop in an upward direction, disrupting the market structure? Let's analyze with Krado.
1. The dollar has had an impressive recovery in the past week, along with the increasing momentum of DXY, influencing currency pairs with USD. 2. The Fed announced that it lowered its inflation target to 2%, so what will wait for us in CPI next week? 3. Resistance level 0.91000 . will bring prices back to stability.
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⚡️The relative strength index (RSI) suggests that the pair could consolidate gains in the coming sessions, while the Moving Average Convergence (MACD) histogram is weak
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⚡️ Hawkish Fed expectations, elevated US bond yields limit losses for the USD and the pair.