USD/CHF declined as the Greenback remains weak, defends the 20-day SMA

USD/CHF took a dip in Tuesday’s session and fell to 0.9110. Despite the Consumer Confidence index in the US and Housing prices exceeding expectations, the USD remains weak. The Federal Reserve maintains a cautious stance, asking the market for patience, which keeps the odds for rate cuts in June or July low. On the Swiss front, its economic calendar remained empty at the start of the week.

USD/CHF technical analysis In the daily analysis, the Relative Strength Index stands in positive territory but exhibits a minor decline in the latest session, indicating a minor momentum shift that could favor sellers in the near term. Concurrently, the Moving Average Convergence Divergence shows decreasing green bars, indicating a weakening bullish momentum. USD/CHF daily chart USD/CHF Overview Today last price 0.9123 Today Daily Change -0.0014 Today Daily Change % -0.15 Today daily open 0.

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