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Technical Analysis USDCHF : 2016-04-18

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Can’t strengthen on weak US data The Swiss franc did not strengthen against the US currency on Friday. The weak economic data came out in US on Friday which pushed the US Dollar index down. Investors assume the Swiss National Bank (SNB) may cut the rates further which stops the currency from strengthening. Will the Swiss franc edge lower? On chart it will look as its increase. The US industrial production data came out on Friday for March as well as the consumer confidence index by Michigan

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