USD/CHF Weekly Outlook: Analyzing Key Resistance and Support Levels
Saturday, 27 July 2024, 11:59
Weekly Outlook for USD/CHF
The USD/CHF currency pair edged lower to 0.8776 last week, but has since recovered.
Current Bias and Key Levels
- Initial bias remains neutral.
- Important resistance to watch: 0.8923.
- If 0.8923 holds, expect a potential further decline.
Downside and Upside Scenarios
- Break below 0.8776 could lead to a fall to 0.8672, the 61.8% retracement level.
- A break above 0.8923 may trigger a stronger upward rebound.
Conclusion
Monitoring these critical levels will provide insights into future market movements and trading opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.