CHF (Swiss Franc) – USD/CHF Tests 0.80 Level

The USD/CHF pair stabilized slightly around 0.7850 at the end of last year. Furthermore, the RSI and Stochastic Oscillator on the charts have risen from oversold territory, suggesting the dollar may maintain its upward momentum. Besides 0.7850, the next support levels to watch are 0.77 and 0.76, with further support at 0.75. Resistance levels are seen at 0.80 and the November 5 high of 0.8124, a level recently slightly broken on Monday but subsequently retraced. The greatest resistance is expected at 0.8250.

Forecast Range:
Resistance 0.8000 - 0.8124 – 0.8250
Support 0.7850 – 0.7700 – 0.7600 – 0.7500*

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