CHF – USD/CHF Maintains Its Upward Bias

USD/CHF found support at the 250-day moving average on 20 August and has continued to grind higher, breaking above the 0.82 handle last week. The 10-day moving average has crossed above the 25-day average, forming a golden cross that supports a constructive medium-term outlook. Resistance is seen at 0.8280 and 0.8350, with the next targets at 0.84 and the 0.85 level. Support lies at 0.82 and 0.8150, then 0.8060, followed by the 100-day average near 0.8030 and 0.7950.

Forecast range:
Resistance: 0.8280 – 0.8350 – 0.8400 – 0.8500  
Support: 0.8200 – 0.8150 – 0.8060 – 0.8030 – 0.7950

Focus Event
Thursday: Swiss National Bank rate decision (15:30)
 

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