CHF – USD/CHF is bottoming out and recovering

USD/CHF trend. From the technical chart, the RSI and stochastic index are recovering, indicating that USD/CHF may rise again in the short term. The nearest support is expected to be at the 0.8750 level, and then it will look back to the low of 0.8734 in December last year or even 0.8650. The next key is to look at the 0.85. The resistance level will firstly look at the 25-day moving average of 0.8950 and 0.90, and then resistance is forecasted to be at 0.9160 and even the May 1 high of 0.9224.

Forecast range:
Resistance 0.8960 – 0.9000 - 0.9160 - 0.9224
Support 0.8750 – 0.8734 – 0.8650 – 0.8500

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