The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased concerns about a “hard landing” or even a recession in the US. On the other hand, the safe-haven Swiss franc declined due to improved risk appetite when tensions in the Middle East did not escalate and economic reports eased global growth concerns.
This article is for premium members only.
Become a Premium Member to get full access to the website, plus:
- Ad-free experience
- Actionable short-term daily strategies
- Guides to Trading High Impact Economic Events
- Access to Exclusive MarketMilk™ Sections
- Plus more!
Comments are closed, but trackbacks and pingbacks are open.