Looking at the Daily chart, we notice that USD/CHF closed on June 24 below the levels discussd in our pervious update at 0.9785 and failed yesterday to close above, eying a test of 0.9625 although, the weekly supports underlined on the chart need to be considered.
Further bearish momentum may require a close below 0.9625. This mean USD/CHF could head towards 0.9540. See the chart to find out more about the weekly support levels to be watched along the way.
In turn, a close above 0.9785 might lead USD/CHF towards 0.9860. Nonetheless, the weekly resistance zone from 0.9797 up to 0.9814 should be kept in focus. See the chart for more details if the rally continues beyond 0.9860.


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