CHF – USD/CHF Holds Above 0.80

The USD/CHF pair has recently resumed its upward trend. After reaching a high of 0.8150 mid-month, the pair fell for two days, hitting a low of 0.8038. If it can hold above 0.8150, it could trigger another upward move. Major resistance is expected at the 100-week moving average of 0.8255 to 0.8365, with a key level at 0.85. Nearby support is seen at the 50-day moving average of 0.8030 and the 0.80 level. The next support levels are expected at the 250-day moving average of 0.7935 and 0.7870. Major support is estimated at the 0.7760 level.

Forecast range:
Resistance: 0.8150 - 0.8255 – 0.8365 - 0.8500
Support: 0.8030 - 0.8000 - 0.7935 - 0.7870 - 0.7760

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