CHF – Driven by safe-haven buying, the Swiss franc once again tested the 0.80

The USD/CHF has been trading sideways in the past two weeks, but driven by safe-haven buying, the exchange rate has fallen significantly in the latter part, and once fell to 0.8055 on Friday; it had previously tested the 0.80 in April and early May, so it is important to pay special attention to the fact that if it breaks this time, the USD/CHF may start a new wave of decline, and the extended support is expected to be 0.7950 to 0.78. The resistance level looks back at 0.8120 and 0.82, and the next level refers to the 25-day moving average of 0.8260 and 0.8350.

Forecast range:
Resistance 0.8120 – 0.8200 – 0.8260 - 0.8350
Support 0.8150 – 0.8100 – 0.8000*

Focus:
Thursday:
Swiss National Bank releases financial stability report (12:30)
Swiss National Bank interest rate decision (15:30)

Any questions? contact our professional analysis team