The currency pair continues its impressive upward trajectory, trading near the 1.4100 mark during early European trading hours on Monday. The pair has maintained its bullish momentum within an ascending channel, signaling continued strength....
In the immediate term, assuming sellers maintain control, the next support level is the November low of 0.6440 (November 14), followed by the 2024 bottom of 0.6347 On the upside, initial resistance is at the 200-day SMA of 0.6628, before reaching...
The USD/CHF pair experienced a pullback late in the New York session, declining by 0.20% as fresh US economic data hinted at a cooling market. This development has sparked speculation about potential Federal Reserve (Fed) “aggressive” rate cuts. As...
The US Census Bureau reported on Friday that Retail Sales increased by 0.4% month-over-month in October, exceeding the market consensus of 0.3%. Additionally, the NY Empire State Manufacturing Index for November posted an unexpected surge, coming in...
Good afternoon. In fact, all that buyers have managed to do so far is stop the precipitous fall, but if the price goes into a sideways trend, this will give sellers a chance to regroup and continue the decline further. If we consider the option of...
