USD/CHF Price Forecast: Hits 11-month high above 0.8100
The USD/CHF extends its rally for the third straight day and refreshes year-to-date (YTD) highs, peaking at 0.8139, which is also an 11-month high. At the time of writing, the pair trades at 0.8124, up 0.34%.
USD/CHF Price Forecast: Technical outlook
The USD/CHF has been rallying for six days, and if it closes Wednesday’s session above 0.8100, bulls could reach the 0.8200 level rather sooner than later.
The Relative Strength Index (RSI) shows the pair is overbought, but it is short of the 80 level, considered the most extreme. When RSI is between 70 and 80, the uptrend is at its strongest; hence, readings above 80 are most precise for indicating market tops.
If USD/CHF clears 0.8200, the next resistance would be the June 19, 2025, daily high at 0.8215, ahead of 0.8250. A breach of the latter will expose 0.8300. On the other hand, if bears drive the pair below 0.8100, the next support would be the March 31 swing high of 0.8042. Below this level is 0.8000.
USD/CHF Price Chart – Daily
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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