Last week GBP/CHF topped at 1.2475 as it met the previous support and now resistance line connecting the 2016 and 2018 lows.
Tag - chf - swiss franc
Given the global economic and political background, selling AUD/CHF seems like a good idea.
CHF/JPY formed a “bullish engulfing” pattern on the W1.
On Monday, AUD/CHF broke above the line connecting April and July highs at 0.6785 and managed to close the day above it.
USD/CHF tried to move higher last week but was stopped by the 100- and 200-week moving averages in the 0.9850 area.
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
USD/CHF fell to the lowest levels in almost a year. The pair slid below the June low at 0.9695.
CHF/JPY has recently broken below the support line from May lows.
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet.
USD/CHF shot up last week from the 200- and 100-week MAs in the 0.9840/50 area.
Technical analysis of CAD/CHF