USD/CHF flirts with monthly low, bears looking to seize control below 200-DMA By HareshMenghani USDCHF RiskAppetite Coronavirus Majors Currencies
The risk-on mood could undermine the safe-haven CHF and help limit deeper losses for the pair.The USD/CHF pair
Having faced rejection near the 0.9200 mark on the first day of the current week, the USD/CHF pair met with a fresh supply on Tuesday and now seems to have found acceptance below the 200-day SMA. The downtick lacked any obvious fundamental catalyst and could be attributed to subdued US dollar demand, though a combination of factors might help limit deeper losses.
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