Why the USD/CHF Uptrend Is Still Standing Strong

USD/CHF is pressing against confluent resistance on the monthly, weekly, and daily charts, keeping the Swiss franc on the back foot as it coils. Michael Boutros, Senior Market Analyst at FOREX.com, breaks down the multi time frame picture for USD/CHF and the US data steering the US dollar. He walks through what a break of the weekly opening range would mean for USD/CHF, and why the broader dollar uptrend stays intact even on a pullback, leaving the Swiss franc under pressure. He also looks at how the upcoming U.S. nonfarm payrolls and U.S. consumer price index reports could move the U.S. dollar, and how shifting Federal Reserve rate expectations have taken momentum out of the greenback. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_michael_boutros&utm_content=share 0:00 USD/CHF Runs Into Resistance 0:52 Breakout Traders Are Watching 1:38 Daily Rally Stalls Near Highs 2:55 Where the USD/CHF Trend Breaks 4:27 US Payrolls Put Dollar on Edge 4:59 Fed Bets Shift as Dollar Fades Like and subscribe for more financial market insights. #StoneX #Forex #MichaelBoutros #USDCHF