• 546 days Will The ECB Continue To Hike Rates?
  • 546 days Forbes: Aramco Remains Largest Company In The Middle East
  • 548 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 948 days Could Crypto Overtake Traditional Investment?
  • 952 days Americans Still Quitting Jobs At Record Pace
  • 954 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 957 days Is The Dollar Too Strong?
  • 958 days Big Tech Disappoints Investors on Earnings Calls
  • 959 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 960 days China Is Quietly Trying To Distance Itself From Russia
  • 961 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 965 days Crypto Investors Won Big In 2021
  • 965 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 966 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 968 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 968 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 972 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 972 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 973 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 975 days Are NFTs About To Take Over Gaming?
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

USD/CHF: Bearish Breakout at 0.9521

USD/CHF has broken the key support at 0.9521. Another key support can be found at 0.9334 (see 200 day moving average and rising trendline linking the low at 0.9022 (01/02/2013 low) to the one at 0.9207). Hourly resistances are at 0.9541 (intraday low, see also the declining trendline) and 0.9625.

Longer-term, USD/CHF has broken its resistance area between 0.9567 and 0.9636 (28/08/2012 high). A medium-term rise towards the strong resistance area between 0.9972 (24/07/2012 high) and 1.0067 (01/12/2010 high) is expected. The recent weakness from 0.9839 is seen as a short-term correction as long as the key support at 0.9334 (14/05/2013 low) holds.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment