USD/CHF: Poised to complete another leg higher – DBS Bank

Market news

5 July 2022

USD/CHF: Poised to complete another leg higher – DBS Bank

USD/CHF traded down to a 0.9495 low. Benjamin Wong, Strategists at DBS Bank, expects the pair to regain poise and trend higher.

Another leg higher

“The recent decline to 0.9495 lows is deemed corrective, and USD is poised to complete another leg higher.”

“Recovering through 0.9732, 0.9815 can have the USD pull a Fibonacci retracement into 0.9919.”

Currencies. Daily history for Tuesday, July 5, 2022

Commodities. Daily history for Monday, July 4, 2022

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