USD / CHF closed the week below the 200-day average at 0.9084 after a sharp drop on Friday, turning Credit Suisse analysts’ bias to the downside, with next support at 0.8910.
Key statements:
“The broader downtrend is resuming and we changed our bias to the downside, with the following levels at 0.9000 / 8995, which is holding the market this morning, then 0.8922 / 11, before 0.8871 / 62, which is a low price. important”.
“With the daily MACD accelerating lower and the weekly MACD crossing below the MACDA again, we wouldn’t even rule out a test of the 2021 low at 0.8757 “.
“Resistance is now moving to the 200-day average at 0.9084 / 9102, which should ideally limit to keep the risks directly bearish. Above here, the next levels are seen at 0.9165 “.
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