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Can the USDCHF break higher and trade above the key support level of 0.9250?

by Neville Hornsey
12 August 2021
in Forex
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The USDCHF is attempting to get back into the 5-year range that proceeded the SNB action to unpeg their currency from the euro. With inflation rising in the Swiss economy, the SNB will be looking to depreciate their currency ahead of time and may use the current US dollar strength to their gains.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:43 USD/CHF

1:20 EUR/CHF

5:36 US DOLLAR INDEX

Tags: EURCHFMonetary PolicySNBUS DOLLAR INDEXUSDCHF
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