CHF Swiss Franc – USD/CHF consolidates at low levels

Swiss National Bank President Martin Schlegel said on Wednesday that Swiss inflation may rise slightly in the coming quarters, and economic indicators suggest the Swiss economy will remain stable with moderate growth.

As seen on the technical charts, the RSI and Stochastics indicators have risen again, suggesting USD/CHF may stabilize slightly. Current resistance is expected at the 50-day moving average of 0.7985 and 0.8080, followed by the August high of 0.8171 and 0.8250. The next key level is expected to be the 200-day moving average of 0.8330. Support is expected to fall back to 0.79 and 0.7860, with the next levels expected to be 0.78 and 0.77.

Forecast Range:
Resistance: 0.7985 - 0.8080 - 0.8171 - 0.8250 - 0.8330
Support: 0.7900 - 0.7860 - 0.7800 - 0.7700

This Week's News:
22/10
Swiss National Bank President Schlegel said Swiss inflation is likely to rise slightly in the coming quarters.

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