The USDCHF is currently trading at 0.86591 and there is a resistance level at 0.8705 that is likely to prevent further increase in value. This resistance is expected to hold if the price closes at this level. On the other hand, there is initial support for the currency pair at 0.8648/43, which means that the price is likely to find some stability or a potential rebound at this level. This analysis is provided by Credit Suisse.

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USDCHF Chart by TradingView

USD/CHF strength ideally gets capped at the falling 13-day exponential average, currently seen at 0.8705, analysts at Credit Suisse report.

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