USDCHF Technical Analysis – The strong US data continues to support the dollar ...Middle East

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USDCHF Technical Analysis – The strong US data continues to support the dollar
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Fundamental OverviewThe USD got a boost yesterday from strong US Consumer Confidence data which triggered an aggressive rise in Treasury yields. The report however just showed that the labour market remains resilient which is good news for growth and not necessarily bad news for inflation. The CHF, on the other hand, remains under pressure from the positive risk sentiment in the markets and the rate cuts expectations from the SNB. There’s no real strong reason for the Swiss Franc to rally at the moment, so the gains might come from a weak USD. USDCHF Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCHF bounced on the key 0.90 handle and extended the rally into the

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