USD/CHF: Further gradual weakness is likely over the coming month – Credit Suisse USDCHF Banks
has breached the bottom of the key support zone at 0.9355, which in the view of analysts at Credit Suisse, indicates further weakness is likely over the next month.“USD/CHF broke the bottom of the key support zone at 0.9355 on Friday. This move paired with the DXY breaking its 200-Day Moving Average in our eyes signals that further gradual downside is likely to unfold, and we thus look for further weakness to develop over the next month.
“A quick move back above the 13-Day Exponential Average at 0.9460/68 would see scope for a near-term pause to unfold, though only above the recent highs at 0.9546/98 would raise the prospect of a firmer correction.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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