Forex Analysis : USD/CHF … No support left at all

Last week’s low of 0.8995 stands between the Swiss Franc and a possible straightening to 0.8800 if not 0.8760 or so.
Trade View
• The Swiss Franc needs the double bottom on the day chart to hold if we are to avoid a 0.88xx handle in coming days, but given the USD faces major obstacles of its own, we would need a strong move above 0.9100 – last week’s high zone, if there is to be temporary respite from the dollar debasement effects here.
• On a VST basis 0.8990 is seen as initial resistance, with a stronger barrier at just 0.9020-0.9050 and indeed the 0.9100 level.

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