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11.05.202212:26 Forex Analysis & Reviews: Technical review for USD/CHF: price is likely to go down

USD/CHF stopped below 0.9950 on the wave of growing risk appetite, decrease in US Treasury yields and potential decline in US inflation data for April. If the report really turns out as such, the pair will noticeably dip because the Fed will most likely change its view on future rate hikes.

technical picture:

The quote is above the middle line of the Bollinger indicator, below the SMA 5 and SMA 14. The relative strength index (RSI) is above 50%, but is turning down, similar to the stochastic indicator.

Possible dynamics:

A dip below 0.9900 will provoke a further fall to 0.9785

Exchange Rates 11.05.2022 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Pati Gani,
Analytical expert of InstaSpot
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