Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 29 - 12:55 PM

USD/CHF: To Squeeze Back Below 0.9188 Ahead Of The Monthly Close On Wed - Citi

By eFXdata  —  Jun 29 - 10:45 AM

Citi discusses USD/CHF technical outlook and sees a room for a reversal into the month-end close on Wednesday.

"The pair continues to chop around the March 2020 low and a potential major double top neckline at 0.9183-0.9188 without a clear directional bias. It also has a potential bullish outside month that will materialize if it closes above 0.9165 (May 2021 high) at the monthly close this Wednesday," Citi notes.

"Given that we hold a bearish view on the USD, driven by the disconnect between the DXY and the spread of the 10 year nominal yield minus 10 year breakeven, we expect USDCHF to squeeze back below the resistance range and the May 2021 high ahead of the monthly close this Wednesday," Citi adds.

Source:
Citi Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2021 eFXdata · All Rights Reserved
!