Forex
USD/CHF Tests Resistance as Risk Appetite Concerns Mount
The USD/CHF pair is currently testing resistance, while oversold signals in Copper and the DAX are putting potential rebounds in focus ahead of the Federal Reserve's upcoming decision. The US 2-Year Treasury Yield has been surging, reaching 4.641% above its 50-day Exponential Moving Average (EMA) on the daily chart.
This surge in the 2-year yield is causing pressure in certain markets and may be a sign of deteriorating risk appetite. As a result, investors are closely watching key setups ahead of the Fed's announcement.