Swiss Franc Forecast: Potential Price Rise Ahead
The price of Swiss Franc has closely approached the supporting zone formed between levels 0.8432 and 0.8333. This zone is located next to the broken downtrend. Hence, the price of the currency pair USD/CHF might potentially gain the required support, rebound from the supporting zone and downtrend, and jump. So, let’s observe whether this scenario might work out.
The price of the cryptocurrency Stellar broke the local downtrend. Now, it is rebounding from the broken trendline. The price of this asset is likely to pull back from the broken downtrend, whereas the price of the asset XLMUSD should hit the level of 0.112. Time will tell whether it might happen soon.
The US 10-year Treasury Yield remains at the level of 3.783, although it might also drop and test the level of 3.667 in the future. Currently, it is unlikely to happen. So, the potential treasury yield growth is clearly ahead.
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