Bullish despite dropping towards 200-day SMA

The USD/CHF retreats for the second straight day but remains above its current weekly low of 0.7921, due to overall US Dollar weakness, triggered by the Greenback’s strong correlation with falling Oil prices and traders’ lack of expectation of Fed rate hikes. This provided a leg down in the pair, which traded at 0.7933, down 0.16%. USD/CHF Price Forecast:…

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US Dollar Declines as Hormuz Reopening Eases Geopolitical Tensions. Forecast as of 16.06.2026

2026.06.16 2026.06.16 US Dollar Declines as Hormuz Reopening Eases Geopolitical Tensions. Forecast as of 16.06.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors expected the reopening of the Strait of Hormuz to unleash a flood of oil onto global markets, sending prices sharply lower. In reality, it is likely to act more as a pressure-release valve, easing supply concerns rather than pushing prices lower….

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