CHF – USD/CHF failed to break through the 0.80 level, and subsequently retreated

USD/CHF reached a high of 0.8044 at the end of March, while the previous high was 0.8042 on January 15th. The exchange rate is now gradually approaching this area again, which will be considered a significant short-term resistance. Therefore, if the price fails to break through this area, it will likely decline again. Near-term support levels are at 0.78 and 0.7740, with the next level at 0.7670. The 0.76 level, which has held firm this year, remains crucial. The resistance levels to watch are the 250-day moving average at 0.7930 and 0.8000/0.8050, with stronger resistance at 0.8090 and 0.8130.

Forecasted range:
Resistance 0.7930 - 0.8000/50* – 0.8090 – 0.8130
Support 0.7800 – 0.7740 – 0.7670 - 0.7600**

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