As we can see from this USDCHF chart currently the USD strength is in play and we should expect this to continue as long as the data backs up the Federal Reserves plans to hike interest rates. We will be closely watching the data releases over the coming weeks. Keep an eye on GDP, CPI and Employment announcements as these will be key indicators to inflation targets. This will then ultimately affect the decisions to hike rates or not.
Looking at this chart we can see the 4hr chart created the higher highs after double bottoming at the support zone we have talked about before. Expecting this market to head up to the key resistance of 1.0050 where the market will have to make a decision on direction.
Looking at this chart we can see the 4hr chart created the higher highs after double bottoming at the support zone we have talked about before. Expecting this market to head up to the key resistance of 1.0050 where the market will have to make a decision on direction.