USD/CHF Currency Pair: Analysis and Forecast for Current Week
USD/CHF Weekly Outlook
The USD/CHF currency pair witnessed a decline from 0.9049, followed by a minor recovery. However, the recent upturn from 8825 appears to have ended after facing resistance from the channel. Deeper decline is anticipated if the 0.9000 resistance level continues to hold, potentially reaching the 0.8825 low. Breaking below 0.8825 would signal a move towards the 50% retracement level of 0.8332 to 0.9223 at 0.8778. On the other hand, exceeding the 0.9000 mark would shift the bias upwards, targeting the 0.9049 resistance instead.
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