SNB Jordan speaking
- Swiss franc is still strong
- no reason to change monetary policy
- negative rates are essential
The USDCHF is trading near its highs for the day and in the process has move back above swing lows from last week and yesterday's trading between 0.8953 and 0.89599 (see red numbered circles). Stay above that level is gives the buyers something to lean against.
The 100 hour moving average remains above and a hurdle at the 0.89836 level. Yesterday the price try to extend above the moving average, only to fail quickly and move back to the downside.
