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Sat, Dec 10, 2022

USDCHF is going to reach the top level of the downtrend line
1 mins well spent

USDCHF is going to reach the top level (lower high) of the downtrend line (descending channel) in the weekly timeframe chart.

Swiss Franc (CHF)

Swiss Vaccination 

Swiss Franc makes lower as Vaccination process in slow progress and Domestic data of Swiss makes lower after the pandemic.

And US Dollar grows stronger as Vaccination in healthy mode and stimulus package of $1.9 trillion will be helpful for 4 years term for Joe Biden to support the Recovery of the US economy.

US Stimulus

And Joe Biden spending of $2.2 Trillion packages on infrastructure also makes US Dollar stronger, and investors pour funds into US Dollar from riskier assets like Euro, AUD currencies.

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