CHF Swiss franc - Swiss franc rebounds sharply, and continues to see upward trend in short-term

The Swiss franc counterattacks sharply, and the short-term continues to see an upward trend

The trend of USD/CHF, as seen in the technical chart, both RSI and Stochastic Index have fallen significantly, and the exchange rate has fallen below the rising trend line that has been extended since the end of March. It is estimated that USD/CHF will continue to be under adjustment pressure. The bottom support first looks at the 0.97 level, and further will see the 50-day moving average of 0.9540 to 0.9450. As for the nearest resistance, it is expected to be 0.9890 and 1.00, and the next level refers to the April 2019 high of 1.0235.

Estimated volatility:
Resistance 0.9890 - 1.0000 – 1.0235*
Support 0.9700 - 0.9540 - 0.9450

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