Our pivot point is at 0.7949.
Our preference: as long as 0.7949 is support look for 0.8039
Alternative scenario: below 0.7949, expect 0.7920 and 0.7903.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.7972 and 0.7954). Finally, the USD/CHF is trading above its upper Bollinger band (standing at 0.7985).
Supports and resistances:
0.8073 **
0.8056 *
0.8039 **
0.8022
0.7986 last
0.7960
0.7949 **
0.7920 *
0.7903 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-07-2025 at 19:10 UTC+1
Price reference: 0.7986 last known on 07-07-2025 at 19:10 UTC+1
Investment horizon: INTRADAY
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