FXStreet reports that economists at Credit Suisse discuss USD/CHF prospects.

“We see resistance initially at 0.9195/0.9208 – the November high and the 38.2% retracement of the 2020 fall. Next resistance thereafter is seen at 0.9296/0.9322, which is the 38.2% retracement of the entire fall from 2019, where we now expect to see a more concerted effort to cap and ideally see a resumption of the core bear trend later in the year. Post a deeper correction and possibly an extensive period of sideways ranging, we still eventually look for a resumption of weakness with support seen initially at 0.9046/27, below which would turn the risks back lower for a move to the current YTD low at 0.8758.”