USD/CHF Bearish Momentum: 0.93% Down In The Last 10 Sessions

(VIANEWS) – USD/CHF (USDCHF) has been up by 0.93% for the last 10 sessions. At 17:06 EST on Sunday, 12 May, USD/CHF (USDCHF) is $0.91.

USD/CHF’s yearly highs and lows, it’s 8.679% up from its 52-week low and 2.056% down from its 52-week high.

Volatility

USD/CHF’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.09%, a positive 0.01%, and a positive 0.29%, respectively.

USD/CHF’s highest amplitude of average volatility was 0.21% (last week), 0.32% (last month), and 0.29% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, USD/CHF’s Forex is considered to be oversold (<=20).

News about

  • Usd/jpy holds positive ground around 155.50 on fed’s hawkish comment. According to FXStreet on Friday, 10 May, "The USD/JPY pair trades on astrongernotearound155.50 on Friday during the early Asian trading hours. ", "The hawkish comments have prompted the expectation of an increase in short-term borrowing costs in the coming months, which provide some support to the JPY and drag the USD/JPY lower. "
  • Usd/jpy moves above 155.50 due to the firmer US dollar. According to FXStreet on Friday, 10 May, "However, verbal intervention from Japanese authorities is expected to curb the upward movement of the USD/JPY pair. ", "The USD/JPY pair received support from the upward correction in the US Dollar (USD), driven by the hawkish sentiment surrounding the Federal Reserve (Fed) maintaining higher interest rates for an extended period."
  • Usd/jpy gains following dismal US consumer report. According to FXStreet on Friday, 10 May, "The USD/JPY advanced steadily during the North American session, following a worse-than-expected University of Michigan (UoM) poll that showed that American consumers are becoming pessimistic about the economy. ", "From a technical standpoint, the USD/JPY rally is set to continue, as momentum is on the side of buyers, as depicted by the Relative Strength Index (RSI). "

More news about USD/CHF (USDCHF).

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