Swiss franc news

The Euro has shown itself to be somewhat bullish during the trading session on Friday, and at this point in time it looks like we are simply going back and forth in the same range bound area that we had been in.

During the trading session on Friday, I noticed that the USD/CHF pair looks very strong, as we have broken above the crucial 0.8550 level.

Get the weekly Forex forecast for major currency pairs for the week of October 7-12, 2024 here.

The market continues to see a lot of noisy behavior, and I think what we have is a scenario where people are using this as a proxy for risk appetite, which of course is something that you would anticipate.

The US dollar has initially pulled back just a bit against the Swiss franc only to turn around and show signs of life.

The USD/CHF pair captures my attention due to the fact that it seems like we are hell-bent on continuing the overall consolidation that we had seen for some time.

I have been paying attention to the supportive area that we are sitting on, and in this particular market looks as if the ¥160 level continues to be a major region of importance.