Swiss Franc Technical Outlook: USD/CHF Multi-Timeframe Analysis
The USD/CHF technical outlook shows a six-week rally stalling at long-term resistance as U.S. Treasury yields keep climbing. Michael Boutros, StoneX Media Senior Market Analyst, breaks down USD/CHF across three timeframes and the bond market backdrop. The broader USD/CHF uptrend from the yearly lows remains intact, while an outside daily reversal signals near-term pullback risk. U.S. Treasury yields keep rising even as Fed funds futures price in a Federal Reserve hold, reflecting concern about inflation and the U.S. fiscal situation. FOMC minutes and University of Michigan sentiment data headline the U.S. calendar.
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--- Written by Michael Boutros, Senior Technical Strategist
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