USD/CHF: Weakness to be held at the 0.9469/26 key support zone – Credit Suisse

USD/CHF is edging towards the 0.9469/26 key support zone. Economists at Credit Suisse look for this area to continue to hold.

Break above 0.9668 is needed to shift the risk back higher

“With a number of key supports, which include the recent price low, a retracement support, the breakout point from April, and the 200-day average, all coinciding at 0.9469/9426, we look for the weakness to be held here and for an eventual upside towards the middle of the range to unfold.”

“Above 0.9668 is needed to shift the risk back higher within the range. In contrast, a sustained move below 0.9426 would negate the range and support a deeper decline to the potential uptrend from 2021 at 0.9277.”