USD/CHF mid-term buyers gaining momentum

On the 4H USD/CHF chart, the MACD has moved above zero denoting an uptrend.

Such a momentum indication, unseen for at least for more that a week, indicates that key price breaks are on the horizon. Likely, momentum traders who had been waiting for this technical signal will likely try to push USD/CHF higher.

USD/JPY could drop to 111.30 – UOB

In view of FX Strategists at UOB Group, the pair could slip back towards the 111.30 region in the near term. Key Quotes “The anticipated USD weaknes
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