CHF – The Swiss franc is poised for a rebound

The trend of the U.S. dollar against the Swiss franc, the technical chart shows that the RSI and the stochastic index are falling from the overbought area, and the MACD indicator has just broken below the signal line. The exchange rate has also been restricted upwards at the 0.9150 level for many days recently, and it is possible that the U.S. dollar against the Swiss franc is about to adjust. Calculated based on the golden ratio, the 23.6% and 38.2% correction ranges are at 0.9050 and 0.8990, and the 50% and 61.8% corrections are at 0.8940 and 0.8890 levels. The resistance level will continue to look at 0.9150 first, and then the resistance area will refer to the high of 0.9244 on October 3, 2023, and the next level will point to the 0.95.

Forecast range:
Resistance 0.9150 – 0.9244 – 0.9500*
Support 0.9050 - 0.8990 - 0.8940 - 0.8890

Highlights of the week:
22/4
The Swiss National Bank raised the reserve requirement ratio from 2.5% to 4%

Any questions? contact our professional analysis team