- Analytics
- News and Tools
- Market News
- USD/CHF to see a deeper corrective recovery to 0.9296/0.9322 – Credit Suisse
USD/CHF to see a deeper corrective recovery to 0.9296/0.9322 – Credit Suisse
FXStreet reports that economists at Credit Suisse discuss USD/CHF prospects.
“We see resistance initially at 0.9195/0.9208 – the November high and the 38.2% retracement of the 2020 fall. Next resistance thereafter is seen at 0.9296/0.9322, which is the 38.2% retracement of the entire fall from 2019, where we now expect to see a more concerted effort to cap and ideally see a resumption of the core bear trend later in the year. Post a deeper correction and possibly an extensive period of sideways ranging, we still eventually look for a resumption of weakness with support seen initially at 0.9046/27, below which would turn the risks back lower for a move to the current YTD low at 0.8758.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
