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Forex

USD/CHF Tops One-Month High as Resistance Looms

Guavy AI Editorial Team
Instruments
CHF
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The USD/CHF has extended its seven-day rally, with prices reaching a one-month high of 0.8195. However, this upside is capped by the 0.8200 figure, indicating potential resistance.

A shooting star pattern on the chart warns bulls that a short-term correction may be imminent. The Relative Strength Index (RSI) suggests bullish momentum, but this trend could be short-lived if prices drop below 0.8124.

If the USD/CHF breaks above 0.8200, it could re-test the yearly high of 0.8207 or even reach the June 19, 2025 resistance area at 0.8215 and June 4, 2025 high at 0.8250.

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