CHF – USD/CHF hits 0.80

USD/CHF strengthened slightly on Monday, reaching 0.8050, rebounding from the previous day, when Trump threatened to impose 100% tariffs on China. Technical charts show rising RSI and Stochastics, and a breakout of the MACD signal line, suggesting continued upward momentum for USD/CHF. The current resistance is expected at 0.8080, followed by the August high of 0.8171 and 0.8250. The next key level is expected to be the 200-day moving average of 0.8385. The support is expected to revisit 0.80 and 0.7940, with the next levels expected to be 0.7860 and 0.78.

Forecast range:
Resistance: 0.8080 – 0.8171 – 0.8250 – 0.8385
Support: 0.8000 – 0.7940 – 0.7860 – 0.7800

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