CHF Swiss franc – The Swiss franc remains range-bound

The trend of the US dollar against the Swiss franc, as shown in the technical chart, is that after the recent consecutive declines, the RSI and the stochastic index have returned to decline, and the exchange rate trend has formed a small double top pattern in the past three weeks. It is expected that the US dollar against the Swiss franc will continue to rise in the short term. tendency to fall again. The current resistance is expected to be 0.8550 and 0.8680. At the next level, pay attention to 0.8750 and the 200-day moving average level of 0.8820. As for the nearest support of 0.84, it will then focus on the low of 0.8374 on September 6. If the level is broken, the dollar's decline is expected to intensify. Subsequent support will refer to the low of 0.8331 on December 28, 2023, with the key midline pointing to the 0.80 mark.

Estimated volatility:
Resistance 0.8550 - 0.8680 - 0.8750 - 0.8820
Supports 0.8400 – 0.8374 – 0.8331 – 0.8000*
 

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