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FX.co ★ Daily analysis of USD/CHF for June 5, 2018

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Forex Analysis:::2018-06-05T13:47:02

Daily analysis of USD/CHF for June 5, 2018

USD/CHF

The bias on the market has remained unchanged (bearish), and the market did virtually nothing on Monday. USD/CHF has been moving downwards in the past few weeks; which was an unusual thing, considering the fact that it usually goes in a negative correlation with EUR/USD.

Daily analysis of USD/CHF for June 5, 2018

However, the situation will change this week, as USD is expected to begin gathering stamina at some point (before the end of the week). This would aid a strong bullish reversal in USD/CHF and put more bearish pressure on EUR/USD. The bearish outlook on the USD/CHF is supposed to hold on for some time, until USD would be able to gather energy.

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