Tickmill’s Investing Diva, USDCHF Daily Outlook 05-06-20

<p>USDCHF Daily Outlook – On Thursday European Central Bank ramped up its pandemic bond-buying to 1.35 trillion euros, we found out that the U.S. weekly jobless claims totaled 1.877 million last week and that its Exports, Imports Fell Sharply in April, but the UK Construction sector downturn eased in May following the slump in April.</p>
<p>On Friday we’ll be eying Canada’s jobs report and the US Non-Farm Payrolls and unemployment rate.</p>
<p>Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the <a href="https://www.youtube.com/channel/UCygXlFW43dWBKnNty1s-W_g">Tickmill YouTube channel</a> and support us by liking and sharing this video with your forex trading friends.</p>
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<p>Today I’m looking at the USD/CHF pair which finally broke below the key support level of 0.96 as the USD selloff continues across the board.</p>
<p>The Future cloud appears bearish so we could expect the pair to revisit the next support levels of 0.94 and 0.92 in the medium and long-term respectively.</p>
<p>How long do you think the USD will remain under pressure? Head over to the comments section and let me know.</p>
<p><strong>Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.</strong></p>
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<p>The post <a rel="nofollow" href="https://blog.tickmill.com/fund-analysis/tickmills-investing-diva-usdchf-daily-outlook-05-06-20/">Tickmill’s Investing Diva, USDCHF Daily Outlook 05-06-20</a> appeared first on <a rel="nofollow" href="https://blog.tickmill.com">Tickmill</a>.</p>