FX.co ★ USD/CHF

Hello traders, USD/CHF Analysis of the movement of the currency pair US Dollar/Swiss Franc on the daily chart indicates that during the last wave of growth, the pair almost reached the highs from the end of March near the reversal level of Murray 7/8 (0.8026). However, Donald Trump's statement on Thursday about an imminent peace agreement with Iran sent the pair down. This topic remains relevant today, and if peace is signed today as Trump promises, then the US Dollar will continue to decline. Furthermore, the decline in the quotes of this currency pair is now supported from a technical perspective as well, as the stochastic on the daily chart, which was in the overbought zone, started to decrease and by the end of last week entered the working zone, providing support to the bears. So, if the current settings are not disrupted, then the USD/CHF quotes, remaining near the upper boundary of the Murray regression channel 5/8 (0.7965), will continue to decline in the medium term perspective, towards the main support of Murray in the current trading range 0/8 (0.7812).