- Analytics
- News and Tools
- Market News
- USD/CHF to extend its race highe towards the 0.9672 mark – Credit Suisse
USD/CHF to extend its race highe towards the 0.9672 mark – Credit Suisse
USD/CHF has proved immune to the recent risk-off sentiment and has broken clearly above medium-term resistance at 0.9473/9521. Analysts at Credit Suisse stay biased higher for a move to 0.9672 next.
USD/CHF has seen an important medium-term breakout
“USD/CHF has recently broken above a cluster of medium-term levels and managed to close last week above the 200-week moving average at 0.9521. Supported by the weekly MACD also surging higher, we expect this breakout to signal further medium-term strength up to the 61.8% retracement of the 2019/2021 downtrend at 0.9672 initially.”
“Should strength persist above 0.9672, we would see scope for the upside to eventually challenge the 2020 high and the 78.6% retracement at 0.9901/9921.”
“A quick move back below 0.9473/13 would warn of a false breakout and see scope for the market to mean-revert back to the middle of the prior range, around the 0.93/92 level.”
© 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
