Swiss franc-dollar continues to consolidate at a low level, focusing on next week's European and American interest rates
The U.S. dollar continues to consolidate at a low level, focusing on the interest rate meeting in Europe and the United States next week
USD/CHF trend, technical chart shows, RSI and stochastic index have just rebounded from the oversold area, 10-day moving average breaks upwards and 25-day moving average has a chance to form a golden cross, while the exchange rate has been struggling at a low level in recent months, temporarily at the level of 0.92 Support was found nearby. If the short-term exchange rate can still hold steady in this area, it is expected that the USD/CHF will be expected to resume its upward trend. The upward resistance is estimated at 0.9560 at the 250-day moving average. In addition, the exchange rate also encountered resistance at 0.96 in late November last year and fell back. Therefore, if the market outlook can break through these two areas, it is expected to further establish the counterattack trend of USD/CHF. Stretch target to see 0.98 level. As for the lower support, we will continue to pay attention to the 0.92 level, and the larger support is expected to see the 0.90 mark.
Resistance 0.9560 – 0.9600 - 0.9800
Support 0.9200* - 0.9000
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