USDCHF Down to 0.96 level
Updated
Hello Traders.
Technically :
The USDCHF is going through a side way pattern formation that will push the price action for down to the 0.96 CHF level,
fandomentals :
The ECB has resumed today the easing program with 20 B€ / month to boost the EU economy,
The PBOC has planned to lunch an easing program starting this week with 900 Billion Yuan and rate cutt.
The Federal Reserve is expected to hold on rate with dovish outlook or may be it will cut the rate : in both case the green back will drop against the Swiss Franc.
Trade with care
Best Regards
Technically :
The USDCHF is going through a side way pattern formation that will push the price action for down to the 0.96 CHF level,
fandomentals :
The ECB has resumed today the easing program with 20 B€ / month to boost the EU economy,
The PBOC has planned to lunch an easing program starting this week with 900 Billion Yuan and rate cutt.
The Federal Reserve is expected to hold on rate with dovish outlook or may be it will cut the rate : in both case the green back will drop against the Swiss Franc.
Trade with care
Best Regards
Note
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The SNB will keep the intrest rate -0.75%Note
Watch for strong sell on $ across the bord
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