USDCHF Technical Analysis - What do we need to maintain the bullish trend? ...Middle East

The US Q1 inflation data has been consistently surprising to the upside leading to a repricing in interest rates expectations with the market now fully pricing just one rate cut in 2024. On the other hand, the Switzerland inflation readings have been doing the opposite leading to the first rate cut from the SNB in March and the market expecting the central bank to cut by 25 bps at every subsequent meeting. This classic monetary policy divergence triggered a big move in the USDCHF pair with the market bidding up the USD aggressively on every hawkish catalyst and selling off the CHF on lower inflation figures.USDCHF Technical Analysis – Daily TimeframeOn the daily chart, we can see that USDCHF

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USDCHF Technical Analysis - What do we need to maintain the bullish trend? ...Middle East

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