- The USD/CHF gains traction to around 0.8225 in the early European session on Wednesday.
- The negative perspective of the index is maintained below the 100 -day EMA with a bearish RSI indicator.
- The first level of support to watch is 0.8121; The immediate resistance level is observed at 0.8360.
The USD/CHF pair rises about 0.8225 during the early European session on Wednesday, driven by the renewed demand of the US dollar (USD). The hope of a commercial agreement between the US and China provides an impulse to investors. In addition, the US president Donald Trump moved away from the threats to fire the president of the Federal Reserve (Fed), Jerome Powell, which provides some support to the dollar.
According to the daily graph, the bassist feeling of the USD/CHF prevails since the torque is below the exponential (EMA) mobile average of 100 days. In addition, the downward impulse is supported by the 14 -day relative force (RSI) index, which is below the midline about 36.0, supporting sellers in the short term.
The initial support level for the PAR arises at 0.8121, the minimum of April 16. Further south, the additional filter to the decline to be monitored is 0.8040, the minimum of April 21. The key containment level is observed at the psychological level of 0.8000.
On the positive side, the first upward barrier for the USD/CHF is located at 0.8360, the minimum of April 9. Any follow -up purchase above this level could pave the way to 0.8609, the maximum of April 8. A decisive rupture above the aforementioned level could see a rebound towards 0.8750, the 100 -day EMA.
USD/CHF daily graphics
India Faqs Rupia
Indian rupee (INR) is one of the most sensitive currencies to external factors. The price of crude oil (the country depends largely on imported oil), the value of the US dollar (most of the trade is carried out in US dollars) and the level of foreign investment are all influential factors. The direct intervention of the Bank of the Reserve of India (RBI) in the currency markets to keep the exchange rate stable, as well as the level of the interest rates set by the RBI, are other important factors that influence the rupee.
The Bank of the Reserve of India (RBI) actively intervenes in the currency markets to maintain a stable exchange rate and help facilitate trade. In addition, the RBI tries to maintain the inflation rate in its 4% target adjusting interest rates. Higher interest rates often strengthen rupee. This is due to the role of the “Carry Trade”, in which investors borrow in countries with lower interest rates to place their money in countries that offer relatively higher interest rates and benefit from difference.
Macroeconomic factors that influence the value of rupee include inflation, interest rates, economic growth rate (GDP), trade balance and foreign investment tickets. A higher growth rate can lead to greater investment abroad, increasing the demand for rupee. A less negative trade balance will eventually lead to a stronger rupee. The highest interest rates, especially real types (less inflation interest rates) are also positive for rupee. A risk environment can generate higher direct and indirect foreign investment entries (FI and FII), which also benefit the rupee.
Higher inflation, particularly if it is comparatively higher than other countries, is generally negative for the currency, since it reflects a devaluation through excess supply. Inflation also increases the cost of exports, which leads to more rupees to buy foreign imports, which is negative for Indian rupee. At the same time, higher inflation usually leads to the Bank of the Reserve of India (RBI) to raise interest rates and this can be positive for rupee, due to the increase in demand for international investors. The opposite effect applies to lower inflation.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
