USDCHF has once again seen a bullish break above 0.88, despite the Swiss National Bank (SNB) not making any commitments to rate cuts. This indicates a positive trend for the USDCHF pair, with the US dollar gaining strength against the Swiss franc.
The SNB’s decision not to commit to rate cuts may have initially caused some uncertainty in the market, but the USDCHF pair has managed to push through and break above the 0.88 level. This shows that there is still confidence in the US dollar, even in the face of potential rate cuts by the SNB.
Investors will be closely watching the USDCHF pair in the coming days to see if this bullish trend continues. The break above 0.88 is a positive sign for the pair, and if it can maintain this momentum, we may see further gains in the near future.
Overall, the USDCHF pair remains strong despite the SNB’s lack of commitment to rate cuts. This bullish break above 0.88 is a positive signal for investors, indicating that the US dollar is still a strong contender in the forex market.