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- USD/CHF extends gains with US dollar entitlements to positive commercial deals.
- The unemployed demands in the United States decrease to 228 kilos, and support a wider power for the US dollar.
- Technical indicators show main resistance at 0.9050 and support it near 0.8900.
The USD/CHF pair is trading higher as the USD (USD) acquires momentum on mixed economic signals and trade optimism, while the Swiss Frank (CHF) weakens amid the broader morale. US President Donald Trump announced a “major trade deal” with the United Kingdom (UK), although the initial excitement that was cooled after reports indicated that the 10 % customs tariffs on goods in the United Kingdom will remain valid, which limits the potential economic reinforcement of the agreement.
The US dollar index (DXY) remains constant, as it trades near 100.00 where investors digest positive economic data and commercial addresses. The unemployed demands in the United States decreased to 228 thousand for the week ending May 3, a decrease from 241,000 in the previous week, indicating a flexible labor market. Meanwhile, the Bank of England reduced the standard interest rate by 25 basis points to 4.25 %, supporting the US dollar with the expansion of the return on.
In Switzerland, economic expectations remain mysterious with the continued global trade uncertainty. The Swiss National Bank (SNB) has maintained a cautious position, with recent data indicating silent inflation. This difference in monetary policy has been weighed on CHF, making it less attractive in the current risk environment.
Technical analysis
From a technical perspective, USD/CHF tests the resistance near 0.9050, with additional barriers at 0.9080 and 0.9100. On the negative side, the support is seen at 0.9000, followed by 0.8950 and 0.8900. RSI is located in a neutral area, which reflects a balanced look, while MACD shows a bullish intersection, indicating the possibility of other gains. However, the long -term averages such as SMA for 100 days (0.8920) and 200 days SMA (0.8880) indicate long -term forecasts cautious, highlighting the importance of continuous upward bullish momentum.
In short, the US dollar/CHF is supported by a range of strong American economic data and signals from European central banks. However, merchants must monitor the data received and the geopolitical addresses of potential fluctuations in the upcoming sessions.
Daily chart
