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Wednesday, May 25, 2022

USDCHF is going to reach the higher low zone, wait for breakout or reversal
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USDCHF Analysis

USDCHF is moving in an Ascending channel by forming higher highs and higher lows in the 4-hour timeframe chart.

Now, USDCHF is going to reach the higher low zone of the uptrend line. Let’s wait for the confirmation of breakout or reversal.

US Dollar dips after the Congress going to support the $1.9 trillion package with low support of the senate.

And as Janet Yellen stated last week that this stimulus package will recover the economy to the stable mode and the unemployment rate will recover to the normal level.

USD is getting weak fundamentally.

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