USDCHF Technical Analysis – The CHF weakens on the SNB cut ...Middle East

Fundamental OverviewThe USD has been generally weaker this week after the strength seen last week due to some risk off sentiment. In fact, it looks like it’s just sentiment that’s been driving the market recently as the soft US inflation figures just consolidated the market’s expectation of two cuts for this year despite a bit more hawkish than expected FOMC decision.The CHF, on the other hand, got a boost a couple of weeks ago from SNB’s Jordan comments where he said that if upward risks to Swiss inflation were to materialise, these would most likely be associated with a weaker franc, which could be counteracted by selling foreign exchange reserves (buying CHF). On top of that, the Swiss Fr

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