USDCHF 20th MAY 2022
US dollar strengthened after its biggest daily bearish streak in more than two months. It came after US Federal Reserve Chairman Jerome Powell struck a more hawkish tone as the central bank sought to contain a spike in inflation. Powell said the Federal Reserve would continue to raise interest rates until there was "clear and convincing evidence" that inflation was going down.
USD is still likely to be bullish in the next few months, these are important areas in the USDCHF market.
USD is still likely to be bullish in the next few months, these are important areas in the USDCHF market.
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