USD/CHF to stay bid above the 200-day ma at 0.9105
"USD/CHF is correcting lower near-term and we would allow for a slide to the mid-March low at 0.9215.”
“The Elliott wave count on the daily chart is implying losses towards 0.9170 and there is scope for the 200-day ma at 0.9105.”
“Key nearby resistance lies at 0.9267/72 (highs from July).”
“Above 0.9472 lies the 50% retracement of the 2019-2021 decline at 0.9499.”
“Above 0.9500 we are unable to rule out a move to the 200-week ma at 0.9661.”
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.