USDCHF USD to CHF Swiss Franc rate Forecast, up to 1.068 - Forex Trading Today
The Swiss franc is attracting people's attention. I have said many times since early 2018 that the franc would be relatively weak against the US dollar. My prediction was right. It seems that USDCHF is now ready to go higher.
The support line is 0.998. The resistance lines are 1.068 and 1.142. In the medium term, it will rise to 1.068, and to 1.142 in the long term. It would be better to do buy-tradeing. If the USDCHF declines, it will be a very good opportunity to buy.
People seem to believe that the Swiss franc is very safe and strong. It was a long time ago. Not now. The Swiss franc is very fragile, unlike before. Perhaps, this situation is likely to last a long time.
[USDCHF monthly chart]
The support line is 0.998. The resistance lines are 1.068 and 1.142. In the medium term, it will rise to 1.068, and to 1.142 in the long term. It would be better to do buy-tradeing. If the USDCHF declines, it will be a very good opportunity to buy.
People seem to believe that the Swiss franc is very safe and strong. It was a long time ago. Not now. The Swiss franc is very fragile, unlike before. Perhaps, this situation is likely to last a long time.
[USDCHF monthly chart]