USDCHF reverses course in trading today: Short-term technical bias shifts a bit to upside ...Middle East

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USDCHF reverses course in trading today: Short-term technical bias shifts a bit to upside
The CHF was the strongest of the major currencies in 2023. Now that move was led by the CHFJPY which showed a 18.20% move, but the USDCHF also moved 8.94% in favor of the CHF (USD lower). Today is a reversal of 2023 type of day. US stocks are lower especially the Nasdaq index which gained 43% last year. US yields are higher with the 10 year up around eight basis points after declining into December. For the USDCHF is seeing a rebound after the sharp declines seen last year.In this video I take a look at the USDCHF from a technical perspective and outline the bias shift and what needs to happen technically to increase the short term bullish bias. This article was written by

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