The USD/CHF experienced a quiet session on Wednesday near the 0.8990 area, seeing slight losses, with the trajectory of the pair being set by the US Dollar strengthening further.
The USD/CHF declined to 0.8990, with mild downwards movements. The USD is extending its gains due to a cautious market outlook. Jerome Powell was on the wires on Wednesday and provided no highlights. No high-tier reports were released, and the following highlights will be Consumer Confidence data from the US on Friday and next week's inflation data.
USD/CHF Level to watch The technical analysis of the daily chart points to a neutral to bearish outlook for USD/CHF, indicating a decline in bullish strength. The Relative Strength Index points downwards in the bullish territory, suggesting a possible trend reversal, while the Moving Average Convergence lays out red bars.
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