CHF – Swiss franc hits six-month high, helped by safe-haven buying

USD/CHF is still blocked at the 250-day moving average, which is around 0.8850. With last week's pullback, it also fell below multiple technical supports, and is expected to continue to see a weak trend. The nearest support is forecasted to be at the 0.85, and the largest support will be seen at 0.84 and even the low of 0.8374 in September last year. The resistance level will firstly look back at 0.8650 and 0.87, and then the resistance is expected to be at the 250-day moving average of 0.8850 to 0.8930.

Forecast range:
Resistance 0.8650 – 0.8700 - 0.8850 - 0.8930
Support 0.8500 – 0.8400 – 0.8374*

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