- Analytics
- News and Tools
- Market News
- USD/CHF to swing back higher again towards parity – Credit Suisse
USD/CHF to swing back higher again towards parity – Credit Suisse
USD/CHF has reached major support at 0.9576/44. Economists at Credit Suisse look for the market to turn back higher from here, ahead of the development of a broader range.
0.9472/60 expected to hold additional weakness
“Our view remains that the USD/CHF should see some stabilization around the 0.9576/44 area, setting it to trade in a ~9500 to parity range. We look for an eventual turn back higher toward the top of the highlighted range and see resistance at 0.9633/45 initially.”
“A close above the price high at 0.9766 is needed to relieve the immediate weakness and to confirm our view of a swing higher within our anticipated range, although we think that it is unlikely that market will break the YTD high at 1.0061/64.”
“Should weakness extend below 0.9517, we would look for the breakout point to the April/May surge at 0.9472/60 to serve as a floor to maintain our base case of broader trading range.”
© 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
