USDCHF is testing the critical 0.8350 support level amid rising safe haven demand. Yesterday’s chaos in the bond market highlighted how few places investors have to park their money. One of the most widely accepted safe haven assets is the Swiss franc, and current demand for CHF is clearly strong. But is it strong enough?
There hasn't been a weekly close below 0.8350 since 2011, and this level has held firm through several sharp market moves since then. Now, this major support is being tested once again.
Whether it breaks or holds, a significant swing trading opportunity could be on the horizon, especially given the heightened uncertainty surrounding the global trade environment.
There hasn't been a weekly close below 0.8350 since 2011, and this level has held firm through several sharp market moves since then. Now, this major support is being tested once again.
Whether it breaks or holds, a significant swing trading opportunity could be on the horizon, especially given the heightened uncertainty surrounding the global trade environment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.