CHF – USD/CHF hits the 0.80

USD/CHF hit the 0.80 last week. As seen on the technical charts, the RSI and Stochastics are rising, and the MACD indicator has broken through its signal line, suggesting continued upward momentum for USD/CHF. The current resistance level is expected to be at 0.80, which is also the 50-day moving average position. Then refer to the 100-day moving average of 0.8080, and then look to the August's high of 0.8171. The supporting level is expected to be 0.7860 and 0.78, and the next level is expected to be 0.7750 and 0.77.

Estimated Range:
Resistance 0.8000* – 0.8080 – 0.8171
Support 0.7860 - 0.7800 – 0.7750 – 0.7700

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