14
Dec
The USD/CHF pair showed strong bullish movement last week, trading between 0.8750 and 0.8950. It ended the week near the upper end of this range, closing at 0.8930, and approaching a critical resistance level at 0.8950. As the price nears this level, sellers are expected to become more active, while buyers may proceed with caution. Technical Analysis The 0.8950 level is a key resistance for USD/CHF. If sellers successfully defend this level, the price may reverse, with the first support target at 0.8820. A further bearish move could push the pair toward 0.8770, providing significant downside potential for sellers. However,…