CHF – Technical Analysis Shows Initial Improvement, USD/CHF Expected to Stabilize

The USD/CHF pair continues its steady rise. Currently, attention should be paid to the two previous lows: the September 16 low of 0.7827 and the October 17 low of 0.7870. The pair appears to be holding above this area. The resistance levels to watch are the November 5 high of 0.8124, with stronger resistance expected at the 200-day moving average of 0.8210 and 0.8250. Given that the USD/CHF pair has been largely range-bound in recent months, with upward movement repeatedly limited by the 0.81 level, there is a high probability that significant resistance will be encountered in this area again. Near-term support levels are at 0.8030 and 0.7980, with further support at 0.7870 and the 0.78 level to watch.

Forecasted range:
Resistance: 0.8124 – 0.8210 – 0.8250
Support: 0.8030 – 0.7980 - 0.7870 – 0.7800

This Week's News Highlights:

24/11 Swiss National Bank President: US tariff reductions are a positive factor, but will not fundamentally change the economy.

Any questions? contact our professional analysis team