CHF Swiss Franc - Swiss Franc Slightly Under Pressure, Hindered by Expectations of Rate Cut This Week

In terms of the USD/CHF trend, looking at the technical charts, the exchange rate is currently finding support above the 250-day moving average, while the RSI and stochastic indices are showing signs of an upward trend. The exchange rate is approaching the 0.90 level, so short-term attention is warranted. If this level is breached, it is estimated that the USD/CHF pair may see a new wave of upward momentum. Subsequent resistance is expected at 0.9050 and 0.91, with further reference to 0.9160 and the high of May 1 at 0.9224. Near-term support is anticipated around the 250-day moving average of 0.8780 and the 0.87 level, with the next level seen at 0.8610.

Forecast Range:
Resistance 0.9000* - 0.9050 - 0.9100 - 0.9160 - 0.9224
Support 0.8780 - 0.8700 - 0.8610

Focus:
Thursday: Swiss National Bank Interest Rate Decision (16:30)

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