USDCHF Technical Analysis – Approaching the top of the range ...Middle East

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USDCHF Technical Analysis – Approaching the top of the range
Fundamental OverviewLast week, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of a risk management move with the dot plot showing two more 25 bps cuts by the end of the year and less than the market expected in 2025. The US Dollar weakened initially but eventually shot higher as Treasury yields rallied on a less dovish than expected Powell with the market pricing out the aggressive rate cuts expected in 2025.Now that the decision is behind us, the focus will be on the economic data. If we start to see an improvement, then Treasury yields will like

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