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April 5 - Iranian media reported on Saturday that the Central Command of Irans Hatem Anbyah stated that Iraq will not be subject to any restrictions on passage through the Strait of Hormuz, indicating that Iraq will receive preferential treatment as Tehran strengthens its control over this strategic waterway.On April 5th, air raid sirens sounded in Jerusalem and several other areas in central Israel on the evening of the 4th local time. Multiple interceptor missiles were seen being launched into the sky in Jerusalem, followed by several loud explosions. Israeli authorities stated that the latest round of missile attacks by Iran against the Jerusalem area caused no casualties; this was Irans seventh missile attack that day. The Israeli military stated that one missile landed in an open area, while the remaining missiles were intercepted by the air defense system.On April 5th, the Public Relations Department of the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement on April 4th, saying that tribal members in the Iranian mountains shot down two Black Hawk helicopters on April 3rd. The IRGC expressed its gratitude for this action. The statement said that tribal members in Kogyroye-Boyeh-Ahmed province and Bakhtiari region acted independently, effectively striking the two Black Hawk helicopters in remote mountainous areas far from where Iranian armed forces are deployed. The two helicopters were attempting to rescue the pilot of a U.S. F-35 fighter jet that had been shot down earlier.Israels rear command detected Iranian missile attacks targeting Jerusalem and the southern Israeli city of Ashdod.The Israeli military has detected a missile launch from Iran, and its defense system is currently intercepting it.

Price of USD/CHF Nearing New Three-Year High Above 1.0070

Daniel Rogers

Oct 21, 2022 15:09

截屏2022-10-21 上午10.08.56.png 

 

During the Tokyo session, the USD/CHF pair surpassed its immediate barrier at 1.0050 and is set to attempt a three-year high reached on October 13 at 1.0074. The negative market sentiment brought on by late selling in the S&P 500 and rising rates has bolstered the dollar bulls.

 

The 10-year US Treasury yields reached 4.23 percent as a result of a surge in wagers on an anticipated rate hike announcement by the Federal Reserve (Fed). At the time of publication, the US dollar index (DXY) had surpassed the key 113.00 mark.

 

Daily, the asset is trading in a narrow range between 1.0048 and 1.0074 in the direction of the supply zone. The 20-period and 50-period Exponential Moving Averages (EMAs) are vertically aligned to the north, which confirms the upward filters.

 

Similarly, the Relative Strength Index (14) anticipates a move towards the bullish zone between 60.00 and 80.00. A similar scenario will further strengthen the greenback bulls.

 

If the asset surpasses its peak of 1.0074 on October 13, it will reach a fresh three-year high. The predominant trend is toward the round-number resistance level of 1.0100, followed by the 15 April 2019 peak of 1.0160.

 

Alternatively, the bulls of the Swiss franc may regain control if the asset breaches the September 29 low of 0.9742. This would result in the pair reaching a high of 0.9695 on September 19 and a low of 0.9620 on September 22.

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