USD/CHF Opens with Bullish Gap Amidst New Tariffs

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USD/CHF Opens with Bullish Gap Amidst New Tariffs

Earlier today, USD/CHF opened with a bullish gap, indicating strong bullish momentum driven by new tax reforms imposed by President Trump on Canada, Mexico, and China.

However, these three countries are expected to take further steps in this ongoing economic conflict. The market has likely absorbed the news, and the odds are that USD/CHF may move down to fill the gap created.

Support areas: 0.9138 and 0.9110

However, it would not be a surprize if the price declines further beyond these levels.

You may find more details in the chart!
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USDCHF - target 1 reached quickly :)

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USDCHF - Target 2 reached:)

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Sheinbaum says had a good conversation with Trump.
Tariffs paused for a month
Comments from the Mexican President

Says they will deploy 10,000 national guard immediately to the border to avoid trafficking drugs to the US
Says tariffs will be paused for a month
Good' call with Trump led to some agreements

Comments from the White House also suggest they're getting what they want from Mexico.

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