USD/CHF: Break below 0.9372/55 needed for fresh weakness – Credit Suisse USDCHF Banks
has maintained its rejection from 0.9372/55. A sustained close below here remains needed to confirm weakness over the next month, according to economists at Credit Suisse.“USD/CHF has extended its rejection of the key support zone at 0.9372/55. Whilst this development stays in line with improving near-term momentum and we see scope to extend this recovery for now, our broader bias remains negative, and we continue to look for an eventual turn back lower.
“A close above the 200-day average at 0.9629 would raise a question mark over our broader bearish bias, with next resistance above here then seen at 0.9683/9700.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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