USDCHF Continues To Fall Despite T-Note Yield Rise

So far this week USDCHF has been depreciating, despite the 10 year note yield rising last week to a yield of 1.68%. This is typically a USD bullish measure, however with the economic impacts of the pandemic and updates around the vaccine triggering market moves, traditional economic indicators have had muted impacts on the market. The USDCHF daily price chart is approaching the 200 moving average and the 61% fibonacci level. Will price find support? Only way to find out is to wait and see! Want to learn more about the USD fundamental picture currently? Read here.