USD / CHF is taking a breather after the strong rally, with short-term support at 0.9285, reports the Credit Suisse team of analysts.
Key statements:
“USD / CHF is trying to get out of the overbought condition and therefore we see room for further short-term weakness, with support initially seen at 0.9328, below which a move to 0.9285 would be seen next. , where we would expect the market to find a floor. “
“Beyond 0.9285, instead, we would see a small top completed with support thereafter at 0.9141 / 22, a group of price supports that also contains the 200-day average, where we would expect a greater effort to stay from being. tested.”
“Resistance is initially seen at 0.9376, above which the bullish move to 0.9398 / 9400 would reassert itself below. If bankrupt here the doors would open for 0.9468“.
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