USD/CHF Price Analysis: Expect a rally above 0.9070 as Fed to raise rates further USDCHF DollarIndex Fed SupportResistance Momentum
USD/CHF has shown a recovery after building a base around 0.9050 as the Fed is expected to raise interest rates further.
USD/CHF is anticipated to deliver a perpendicular upside after a break above the immediate resistance plotted at 0.9073.has attempted a recovery move after building a base around 0.9050 in the early Toyo session. The Swiss Franc asset has been supported by solid bets for more interest rate hikes by the Federal Reserve . Rising consumption expenditure by United States households is showing that the stream could heat up inflationary pressures further.
The US Dollar Index is struggling in extending its recovery above 104.30 as US markets will be closed on Monday due to Memorial Day. Therefore, a less-volatile action is widely anticipated.
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