CHF – Swiss Franc sideways

USD/CHF has been trading sideways in the past two weeks, but driven by safe-haven buying, it once fell to 0.8055 on June 13; it had previously tested the 0.80 in April and early May, so it is important to pay special attention to the fact that if it breaks this time, USD/CHF may start a new wave of decline, with extended support expected to be 0.7950 to 0.78. The resistance level looks at 0.82, and the next level refers to the 25-day moving average of 0.8260 and 0.8350.

Forecast range:
Resistance 0.8200 – 0.8260 - 0.8350
Support 0.8000* - 0.7950 – 0.7800

Any questions? contact our professional analysis team
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