The USD/CHF pair is taking a breather after the strong swing higher, with short-term support seen at 0.9285, the Credit Suisse analyst team reports. Key quotes “USD/CHF is trying to unwind the heavily overbought condition and we thus see scope for further near-term weakness, with support seen initially at 0.9328, beneath which would see a move to 0.9285 next, where we would expect the market to find a floor.” “Beyond 0.9285 would instead see a small top completed with support thereafter at 0.9141/22 – a cluster of price supports that contains also the 200-day average – where we would expect to see a more important attempt to hold if reached.” “Resistance is seen initially at 0.9376, above which would reassert the move higher to 0.9398/9400 next. Removal of here would open the door to 0.9468.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Prediction: BTC looks toward $60,000 while building upon strong on-chain metrics FX Street 1 year The USD/CHF pair is taking a breather after the strong swing higher, with short-term support seen at 0.9285, the Credit Suisse analyst team reports. Key quotes "USD/CHF is trying to unwind the heavily overbought condition and we thus see scope for further near-term weakness, with support seen initially at 0.9328, beneath which would see a move to 0.9285 next, where we would expect the market to find a floor." "Beyond 0.9285 would instead see a small top completed with support thereafter at 0.9141/22 - a cluster of price supports that contains also the 200-day average - where we would expect… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
