The demand for hedging weakens, the Swiss franc continues to weaken
USD/CHF has risen again in recent days. This week, it has climbed above the 0.90 mark and hit a high of more than two months. It is expected that 0.88 will still be the important technical bottom; the nearest support is expected to be the MA-50. After breaking through the MA-50 in early February, it has been finding support on this indicator. It is currently at the 0.89 level, although it is down in the middle of this month, was able to hold. As the chart shows that the RSI and Stochastic Index have also risen again, it is expected that the USD/CHF will rise again. The upward resistance looks at the 0.91 level first, and the next level of attention is at 0.9150 to the 0.93.
Resistance 0.9100 – 0.9150 – 0.9300
Support 0.8900-0.8800 – 0.8754
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