USD/CHF maintains a bullish continuation pattern and targets the 0.9498/9524 neighborhood. Additionally, the Credit Suisse analyst team finds that the pair could actually rise as far as 0.9800. Key quotes “We keep our upside bias intact and see resistance initially at 0.9418, removal of which would open the door to 0.9465/68 – the 61.8% retracement of the fall from March 2020 and mid-July 2020 high – where we would expect to see a pause at first. Above here u due course though should see a move back to 0.9498/9500 – the 50% retracement of the fall from 2019 and a psychological inflection point.” “Bigger picture, we think strength can eventually extend towards 0.9800.” “Support is seen initially at .9375/70, then 0.9350, which we look to ideally hold. Beneath here though would ease the immediate upside bias for a fall back to 0.9223/14, where we would expect a hold once again. Removal of here though would expose 0.9193/90, beyond which would instead suggest a much deeper correction lower.” 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 EUR/JPY Price Analysis: Recovery keeps targeting 130.00 and above FX Street 8 months USD/CHF maintains a bullish continuation pattern and targets the 0.9498/9524 neighborhood. Additionally, the Credit Suisse analyst team finds that the pair could actually rise as far as 0.9800. Key quotes "We keep our upside bias intact and see resistance initially at 0.9418, removal of which would open the door to 0.9465/68 - the 61.8% retracement of the fall from March 2020 and mid-July 2020 high - where we would expect to see a pause at first. Above here u due course though should see a move back to 0.9498/9500 - the 50% retracement of the fall from 2019 and a… Top 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.
