{"id":287001,"date":"2024-04-21T11:43:11","date_gmt":"2024-04-21T06:13:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=287001"},"modified":"2024-04-21T11:43:11","modified_gmt":"2024-04-21T06:13:11","slug":"usd-chf-picks-up-from-0-9075-support-following-fed-golsbees-comments-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-chf-picks-up-from-0-9075-support-following-fed-golsbees-comments-crypto-news\/","title":{"rendered":"USD\/CHF picks up from 0.9075 support following Fed Golsbee\u2019s comments &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>The US Dollar pares previous losses and returns to levels right below 0.9100<\/strong><\/li>\n<li><strong>A doji candle in the weekly chart and the bearish divergence on intra-day charts suggest the possibility of a deeper correction.<\/strong><\/li>\n<li><strong>USD\/CHF bears need to breach 0.9075 support level.<\/strong><\/li>\n<\/ul>\n<p>The US Dollar has retraced previous losses, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\" data-fxs-autoanchor=\"\">news<\/a> of an Israeli attack on Iran boosted the safe-haven CHF, to consolidate at previous ranges, above the 0.9075 resistance area.<\/p>\n<p>On Friday, Chicago <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Fed<\/a> President Austen Goolsbee has reiterated the the lack of progress on inflation and reaffirmed the data-dependant approach on further <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\" data-fxs-autoanchor=\"\">monetary policy<\/a> decisions. The Dollar has traded moderately higher following these comments<\/p>\n<p>Fundamentals are Dollar-supportive, as the Federal Reserve is likely to keep rates at high levels for a longer time, while the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/snb\" data-fxs-autoanchor=\"\">SNB<\/a> has cut rates already and is likely to cut them again later this year.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Technical Analysis<\/h2>\n<p>The pair, however, has been trading without a clear direction below the 0.9145 resistance area following a strong rally from early January. The weekly chart is set to print a Doji candle, which often indicates that a potential correction might be ahead.<\/p>\n<p>A bearish divergence on the 4-hour <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a> is also pointing to that direction, although bears need to confirm below 0.9075 to confirm a trend shift. Below there, the next targets would be the 0.9000 area and the trendline support at 0.8980. On the upside, a bullish reaction beyond 0.9245 would expose October\u2019s high, at 0.9240.<br \/>\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF 4-Hour Chart<\/h2>\n<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar pares previous losses and returns to levels right below 0.9100 A doji candle in the weekly chart and the bearish divergence on intra-day charts suggest the possibility of a deeper correction. USD\/CHF bears need to breach 0.9075 support level. The US Dollar has retraced previous losses, as news of an Israeli attack [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,252,247,253,249,597,256,254],"class_list":["post-287001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=287001"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287001\/revisions"}],"predecessor-version":[{"id":287004,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287001\/revisions\/287004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8557"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=287001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=287001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=287001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}