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USDCHF News

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Last Updated Date: 7 June 2022 @ 6:50 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar gained against a basket of major currencies on Monday and Tuesday as risk appetite waned from earlier levels, with U.S. stocks well off their earlier highs to increase the appeal of the safe haven ahead of a key reading on inflation later in the week.

Yesterday’s bull reversal / rebound off  0.9642 helps reinforce ideas for a short term trend shift to the upside. Look for attempts to extend rallies. A close over 0.9751 should spark rallies to attack the previous swing high peaking levels ⇒ 0.9885. 

Resistance 2      0.9751
Resistance 1      0.9726
 
Support 1           0.9698
Support 2           0.9673


 
 
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