{"id":100137,"date":"2024-04-19T21:17:56","date_gmt":"2024-04-19T17:17:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100137"},"modified":"2024-04-19T21:21:34","modified_gmt":"2024-04-19T17:21:34","slug":"usd-chf-rises-following-fed-golsbees-comments","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-chf-rises-following-fed-golsbees-comments\/04\/19\/market-updates\/","title":{"rendered":"USD\/CHF edges up following Fed Golsbee\u2019s comments"},"content":{"rendered":"\n<p>The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD\/CHF bears need to breach the 0.9075 support level to confirm a trend shift. <br><br>The Federal Reserve is likely to keep rates at high levels for a longer time, while the SNB has already cut rates and is likely to cut them again later this year. The pair has been trading without a clear direction below the 0.9145 resistance area, with a doji candle in the weekly chart and a bearish divergence on the 4-hour chart pointing to a potential correction. <br><br>Bears need to confirm below 0.9075 to confirm a trend shift. The next targets are the 0.9000 area and the trendline support at 0.8980. A bullish reaction beyond 0.9245 would expose October&#8217;s high at 0.9240.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD\/CHF bears need to breach the 0.9075 support level to confirm a trend shift. The Federal Reserve is likely to keep rates at high levels &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6867,7210,7078],"class_list":["post-100137","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-federal-reserve","tag-snb","tag-usd-chf"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100137"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100137\/revisions"}],"predecessor-version":[{"id":100142,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100137\/revisions\/100142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54444"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}