CHF Swiss Franc – Data and interest rate outlook support the U.S. dollar

The USD/CHF pair continues to decline. The RSI and Stochastics oscillator are rebounding from oversold territory on the technical charts. Furthermore, the 10-day and 25-day moving averages are converging, suggesting a strong potential for a positive crossover, signaling a rebound in the dollar. A key level is currently the 0.80. After breaking through this level in mid-month, the pair has experienced limited declines, reaching a low of 0.7908 and stalling above the early July low of 0.7869. Therefore, if the exchange rate can break back above the 0.80 mark, there is a chance that the USD/CHF pair will rebound. Upward targets include the 50-day moving averages of 0.8090 and 0.8220, with the next levels expected to be 0.8350 and 0.85. The support is expected to be 0.7860, with higher support expected at 0.78 and 0.7670.

Forecast range:
Resistance: 0.8000 - 0.8090 - 0.8220 - 0.8350 - 0.8500
Support: 0.7860 - 0.7800 - 0.7670 - 0.7500

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