CHF – Swiss franc is still stabilizing

USD/CHF trend, technical chart, RSI and stochastic index fell back temporarily, and this time the top is lower than the end of last month, the corresponding rise in exchange rate is regarded as a preliminary technical divergence signal, indicating that USD/CHF Lang's decline. The resistance is expected to be at 0.92 and the May 1 high of 0.9224; the medium-term key references are 0.9440 and 0.9500. As for the nearest support, it is expected to be at the 50-day moving average level of 0.8970, and the next level is estimated to be at the 250-day moving average level of 0.8850 or even 0.88, and then it will look back to the low of 0.8734 in December last year.

Forecast range:
Resistance 0.9200 – 0.9224 – 0.9440 – 0.9500
Support 0.8970 – 0.8850 – 0.8800 – 0.8734

Any questions? contact our professional analysis team