The Swiss economy appears fairly resilient in the face of the strength of the Swiss franc.
The Swiss Franc clearly benefited from its position as a safe haven and that is the clearest indication of world unrest.
Fundamentally, we expect continuous strengthening of Swiss Franc near term AT TARGET NEAR 0.9000 in the midst of weakening Dollars and unstable Euros.
Weekly Usd/Chf Chart
Daily Usd/Chf Chart
From the Weekly Chart, the completion of ab-cd pattern may see 0.9150-0.9200 . And please do note that the swing low/high on the weekly chart indicate that 1.2700 Fibo extension is also near 0.9200 areas.
Right now the PA has entered a territory of multi-months Low, and the Risk aversion activities may acccelerate the declination toward the psychological level near 0.9000.
The weekly pivot is now at 0.9300 and the weekly resistance is near 0.9450 (R1).WHICH SHALL SERVE AS A STRONG RESISTANCE LEVELS.
The Swiss Franc clearly benefited from its position as a safe haven and that is the clearest indication of world unrest.
Fundamentally, we expect continuous strengthening of Swiss Franc near term AT TARGET NEAR 0.9000 in the midst of weakening Dollars and unstable Euros.
Weekly Usd/Chf Chart
From the Weekly Chart, the completion of ab-cd pattern may see 0.9150-0.9200 . And please do note that the swing low/high on the weekly chart indicate that 1.2700 Fibo extension is also near 0.9200 areas.
Right now the PA has entered a territory of multi-months Low, and the Risk aversion activities may acccelerate the declination toward the psychological level near 0.9000.
The weekly pivot is now at 0.9300 and the weekly resistance is near 0.9450 (R1).WHICH SHALL SERVE AS A STRONG RESISTANCE LEVELS.
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