Swiss Franc Technical Outlook: USD/CHF Bulls Attempt to Regroup After Sharp Reversal
USD/CHF is attempting to rebound after a sharp reversal, with former support now posing the first major test for the recovery.
Written by
Michael Boutros
Sr. Technical Strategist
Swiss Franc Technical Outlook: USD/CHF Multi-Timeframe Analysis
The USD/CHF technical outlook shows a six-week rally stalling at long-term resistance as U.S. Treasury yields keep climbing. Michael Boutros, StoneX Media Senior Market Analyst, breaks down USD/CHF across three timeframes and the bond market backdrop. The broader USD/CHF uptrend from the yearly lows remains intact, while an outside daily reversal signals near-term pullback risk. U.S. Treasury yields keep rising even as Fed funds futures price in a Federal Reserve hold, reflecting concern about inflation and the U.S. fiscal situation. FOMC minutes and University of Michigan sentiment data headline the U.S. calendar.
This content was created by an affiliate of StoneX Trading and represents the views and opinions of the author/speakers, not the views and opinions of StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by StoneX Trading.
USD/CHF Economic Data Release
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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