• USD/CHF to resume the bear trend on a move beneath 0.8826 - Credit Suisse

Market news

17 December 2020

USD/CHF to resume the bear trend on a move beneath 0.8826 - Credit Suisse

FXStreet reports that USD/CHF is back under pressure after a roller-coaster session on Wednesday, and a move beneath 0.8826 would see the bear trend resume, according to the Credit Suisse analyst team. 

“We see support initially at yesterday’s low at 0.8826, below which would confirm the resumption of the core bear trend and see support next at the price level and key psychological inflection point at 0.8802/00, where we would expect to see an initial attempt to hold."

“Resistance is seen initially at 0.8858, then 0.8892/96, before 0.8909/15, which ideally continues to cap any correction higher."

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