It seems that EUR/CHF is having trouble with returning above 1.1150 (61.8% Fibo of the 2017-2018 advance; 50-month MA).
Tag - chf - swiss franc
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
CHF/JPY has recently broken below the support line from May lows.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
CHF/JPY has been declining since the middle of January. It went down, as the yen was the number one safe haven after the outbreak of the coronavirus in China.
The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.
What are the key levels for the British pound against US dollar and Swiss franc?
Black Friday for the currency market: the Non-Farm Payrolls are out!
Major events that affect markets in the upcoming days
The Bank of Canada cuts its interest rate bigger than it was expected. Should we wait for more CAD weakness?