USD/CHF Technical Analysis Forecast

usdchf-technical-analysis

The USDCHF failed to close above the falling trend line which has capped gains since the beginning of the year. This level also coincides with the 50 day SMA.

While longer term indicators hint at some form of base forming in the pair, immediate focus is on 0.8350. A break of this level would open the way for additional losses and a test of the recent all time low.

Key levels of support are noted at 0.8350, 0.8300 and 0.8270.

On the upside 0.8400 and 08460 provide resistance with only a break of 0.8550 relieving current downside pressures.

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