In Wednesday’s session, the USD/CHF declined to its lowest level in over a month, below 0.8957 and then settled around 0.8970. On the one hand, the CH
USD/CHF declined to it lowest level since September 20, to a daily low of 0.8957. The Swiss currency is the best performer in the session. The USD holds its foot after mixed Housing market figures, eyes on the Fed’s Beige book. F is the top performer of the session, trading with gains against the EUR, GBP, JPY and USD. On the other hand, the green currency gained some ground ahead of the anticipated Federal Reserve Beige book report and after mixed Housing data.
According to the CME FedWatch tool, the probability of a 25 basis points hike during the December meeting has risen to approximately 42%, while a pause in November is near to be priced in. USD/CHF Levels to watch The daily chart analysis indicates a neutral to bearish outlook for USD/CHF, as the bears show signs of taking control but still face challenges ahead.
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