Category: Abate
-
USDCHF bounces as flight to safety flows abate. What levels are in play going forward?
•
The USD/CHF pair has been falling this week on safety-seeking flows following a strong sell-off in equity markets. The drop has taken the price back below its 200-day moving average near 0.8883, and the 38.2% retracement of the upside move from the December low is also at this level. Further…