USDCHF Sees Volatility Post Rate Cut, Potential for Sideways Movement Ahead
chart by ICM.com
Chartist Trader
6/25/20241 min read
Following the unexpected interest rate cut on Thursday, June 20, 2024, the USD/CHF price surged and has since encountered resistance. Buyers are now taking profits, suggesting that the price may consolidate sideways within the support and resistance zones. There is an anticipation that the price may decline towards the support level observed before the rate cut announcement.
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