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MarketFX

USD/CHF Bullish Momentum: 0.751% Up In The Last 24 Hours

ViaNews Editorial Team

February 26, 2023

USD/CHF Bullish Momentum: 0.751% Up In The Last 24 Hours

(VIANEWS) - USD/CHF (USDCHF) has been up by 0.7505% for the last session's close. At 17:11 EST on Sunday, 26 February, USD/CHF (USDCHF) is $0.94.

USD/CHF (USDCHF) Range

Regarding USD/CHF's daily highs and lows, it's 0.751% up from its trailing 24 hours low of $0.93 and 0.053% down from its trailing 24 hours high of $0.94.

USD/CHF's yearly highs and lows, it's 3.697% up from its 52-week low and 7.401% down from its 52-week high.

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

  • Eur/usd: potential to press 1.0575 support and move to 1.0500 – ING. According to FXStreet on Friday, 24 February, "This should be a key factor in keeping EUR/USD supported on a multi-quarter view.", "The Eurozone calendar is light today, but given the Dollar bid on the back of US data/geopolitics, the EUR/USD bias looks to a press of 1.0575 support and a potential move to 1.0500."
  • According to FXStreet on Friday, 24 February, "Speculation as to how the rate decision in March will go and how much further the Fed will move might remain the dominant drivers for USD and thus for the EUR/USD for now. "
  • Eur/usd: steady losses over the past week look set to extend – scotiabank. According to FXStreet on Friday, 24 February, "Economists at Scotiabank expect the EUR/USD pair to continue under downside pressure for the time being.", "Hawkish comments may slow EUR losses against the USD in the near term but the USD's overall yield advantage suggests - for now - that a lower EUR/USD remains the most likely outcome."
  • Eur/usd breaks above 1.0600 as yields extend losses, US PCE inflation in focus. According to FXStreet on Friday, 24 February, "The EUR/USD pair rebounded firmly after dropping below 1.0580 in the late New York session. "

More news about USD/CHF (USDCHF).

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MarketFX

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ForexForeign Exchange MarketCurrenciesUSDCHFUSD/CHFFOREX Price UpPrice UpForex Now
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.