The CHF was the strongest of the foremost currencies in 2023. Now that transfer was led by the CHFJPY which confirmed a 18.20% transfer, however the USDCHF additionally moved 8.94% in favor of the CHF (USD decrease).
Right now is a reversal of 2023 sort of day. US shares are decrease particularly the Nasdaq index which gained 43% final 12 months. US yields are greater with the ten 12 months up round eight foundation factors after declining into December. For the USDCHF is seeing a rebound after the sharp declines seen final 12 months.
On this video I check out the USDCHF from a technical perspective and description the bias shift and what must occur technically to extend the brief time period bullish bias.
