USDCHF Chart Technical Outlook may rise further as Mid-East tensions subside, 0.8605 and 0.8650 in play
Time passes by, without a deterioration in Mid-East hostilities. Iran and its proxies have yet to retaliate against Israel. While it is hard to know what happens next, markets react to this lack of action, and that means a weaker Swiss Franc. The currency has been one of the beneficiaries of the tensions.
US 10-year yields are also bouncing from the lows, supporting the Greenback.
I expect further gains, with the old lines of 0.8605 and 0.8650 in play. Support is at 0.8550 and 0.8489. The pair is outside oversold territory on the 4h-chart but remains oversold according to the RSI on the daily chart.
