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EURCHF D1 10 24 2022 1318

Interesting to note the CHF weakening here versus both the Euro and US dollar as yields march higher. USDCHF is one of the few USD pairs outside of USDJPY to post a new cycle high. Swiss yields have not tracked higher with Europe and the US and important EURCHF resistance is falling above 0.9800, just as USDCHF has traded above 1.0100 for the first time since 2019. The high since all the way back in 2010 is 1.0344. 

 

USDCHF D1 10 24 2022 1319

Trade accordingly with your risk.

 

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