Last Updated Date: 30 May 2022 @ 7:20 AM (UTC)
*Please note that all the dates are in GMT time zone
The U.S. dollar slipped lower in early European trade Monday, heading for its first monthly drop in five months as a calmer risk environment and raised expectations of a pause in the Federal Reserve’s tightening cycle weighed.
Technically, the USDCHF staus is oversold. The market is triggering a short term upturn, a breakout over the 0.9630 swing high signals a stretch to 0.9680, when broken 0.9760. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 0.9530.
Resistance 2 0.9615
Resistance 1 0.9588
Support 1 0.9552
Support 2 0.9530