Dollar in Weak Recovery, Swiss Franc Retreats Mildly
Action Insight Mid-Day Report 6-27-22

Dollar in Weak Recovery, Swiss Franc Retreats Mildly

Price actions in forex markets are indecisive today. Dollar is trying to rise after better than expected durable goods orders. It's also support by recovery in treasury yields. But there is no follow through buying. Canadian Dollar is still the relatively firmer one while Euro is also up slightly. Yen and Aussie are the weakest ones for today but downside is limited for both.

Technically, there is prospect of a deeper retreat in Swiss Franc for the near term. EUR/CHF has been losing some downside momentum and stronger recovery might be seen. Nevertheless, outlook will stay bearish as long as 1.0214 minor resistance holds. USD/CHF is trying to defend 0.9543 near term support, which could prompt recovery back to test on 0.9731 minor resistance too.

In Europe, at the time of writing, FTSE is up 0.51%. DAX is up 0.66%. CAC is down -0.21%. Germany 10-year yield is up 0.094 at 1.540. Earlier in Asia, Nikkei rose 1.43%. Hong Kong HSI rose 2.35%. China Shanghai SSE rose 0.88%. Singapore Strait Times rose 0.83%. Japan 10-year JGB yield rose 0.0035 to 0.238.

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Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9523; (P) 0.9578; (R1) 0.9634; More...

Intraday bias in USD/CHF is neutral for the moment. Fall from 1.0048 is still seen as the third leg of the consolidation pattern from 1.0063. Strong support should be seen around 0.9543 to bring rebound. On the upside, above 0.9731 minor resistance will turn bias back to the upside for retesting 1.0063 resistance. However, sustained break of 0.9543 will bring deeper fall back to 0.9459 resistance turned support.

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EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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