CHF – The Swiss Franc is stuck in a narrow range

The USD/CHF pair remains stuck in a narrow range and has intersected with several short- and medium-term moving averages, suggesting a period of market volatility. The supporting levels are expected to be 0.80 and 0.7910, with higher support expected at 0.7860 and 0.78. Furthermore, if the exchange rate can maintain its position above 0.80 in the short term, the upward trend may continue. The downward trend line formed in recent months is at 0.8140; a break above this level would signal a reversal of the year-to-date decline. The upward trend could then reach 0.8220 and 0.8350.

Forecast Range:
Resistance: 0.8140 - 0.8220 - 0.8350 - 0.8500
Support: 0.8000 - 0.7910 - 0.7860 - 0.7800

Focus:
Thursday
Swiss August CPI (2:30 PM)

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