How does USDCHF trade today? Study this extensive 25 May USDCHF Technical Outlook from OctaFX analyst to have an idea.
May, OctaFX – The Japanese yen and Swiss franc currencies received a notable bid this week, as fears over North Korea and the Italian economy caused investors to seek out safe havens. The USDJPY pair tumbled towards the 109.00 level, after the United States President Donald Trump canceled his much-anticipated meeting with North Korean leader Kim Jong-un, in Singapore next month.
The Swiss franc currency made strong gains against the euro currency and greenback this week, as investors became increasingly worried about the Italian economic and political situation.
25 May USDCHF Technical Outlook
- The USDCHF pair remains bearish while trading below the 0.9890 level, further downside towards 0.9810 and 0.9740 seems possible.
- If the USDCHF pair moves above the 0.9890 level, buyers may test back towards the 0.9950 and 0.9978 resistance levels.
This article about 25 May USDCHF Technical Outlook was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.