- Analytics
- News and Tools
- Market News
- USD/CHF to enjoy considerable gains on a break above 0.9274 – Credit Suisse
USD/CHF to enjoy considerable gains on a break above 0.9274 – Credit Suisse
USD/CHF has once again reversed higher into the close to hold above support at the rising 55-day average at 0.9214. Economists at Credit Suisse now look for a break above 0.9274 to confirm a floor is in place.
Further weakness is on the cards while below 0.9274
“With trend-following indicators all still generally pointing to the upside, with the 200-day average still rising and weekly MACD still outright bullish, we look for an eventual break above short.term resistance at 0.9274 to negate the recently highlighted top.”
“Above 0.9308/15 would then clear the way for a retest of 0.9349/70. Beyond here would still mark a very significant break higher, with little then seen in the way of meaningful resistance until the 0.9473 April high.”
“Whilst our core outlook stays bullish, we cannot rule out further corrective weakness whilst below 0.9274 and more important support if the market does manage to close below 0.9214 is at the 200-day average at 0.9139, which is expected to hold if reached.”
© 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
