Greenback Likely to Continue Gaining Ground Against SwissFranc - USDCHF $USDCHF forextrading
It looks to me as if the market is going to continue to look at the 0.99 level as a major barrier, and most certainly the parity level after that.
After all, there is a lot of psychology attached to that figure, and therefore I think you should probably look at the entire area between 0.99 and 1.00 as a huge “zone of selling pressure.”If we were to break above the parity level, then it’s likely that the US dollar will continue to take off to the upside.
The 200-Day EMA sits just above the 0.95 level and is rising. Ultimately, the greenback continues to be supported due to higher interest rates, something that looks like it’s going to continue going forward. The size of the
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