Note: This section contains information in English only.
The last review of the USD/CHF currency pair was conducted on June 03. Since then, the pair once again attempted to reach above the 1.0000 parity level and the early 2018 high level. The pair failed at the attempt and step by step revealed a wide channel down pattern.
However, on August 10, the rate hit the combination of the 2022 supporting trend line and the 2021 high level zone. The combination of these levels was enough to cause a surge, which by August 24 had pierced the upper trend line of the channel down pattern.
In the case of a surge of the US Dollar against the Swiss Franc, it appears that only the 0.9900 mark could slow down the rate, before parity is once again reached. Afterwards, the 1.0060 2018 high level would be tested.
On the other hand, a decline of the USD/CHF is set to look for support in the 0.9600 level and the 50-day simple moving average near 0.9620, before the 2022 support trend line is reached. In addition, the 200-day simple moving average might act as support near 0.9500.
Wed, 24 Aug 2022 12:42:19 GMT
Source: Dukascopy Bank SA
The last review of the USD/CHF currency pair was conducted on June 03. Since then, the pair once again attempted to reach above the 1.0000 parity level and the early 2018 high level. The pair failed at the attempt and step by step revealed a wide channel down pattern.
However, on August 10, the rate hit the combination of the 2022 supporting trend line and the 2021 high level zone. The combination of these levels was enough to cause a surge, which by August 24 had pierced the upper trend line of the channel down pattern.
In the case of a surge of the US Dollar against the Swiss Franc, it appears that only the 0.9900 mark could slow down the rate, before parity is once again reached. Afterwards, the 1.0060 2018 high level would be tested.
On the other hand, a decline of the USD/CHF is set to look for support in the 0.9600 level and the 50-day simple moving average near 0.9620, before the 2022 support trend line is reached. In addition, the 200-day simple moving average might act as support near 0.9500.