6 December 2022 | Other

Credit Suisse: USDCHF is likely to continue its decline in December

USDCHF broke through the bottom of the key support zone at 0.9355. Credit Suisse analysts expect that the currency pair awaits more decline next month.

They believe that this move together with the DXY breaking its 200-Day Moving Average points to a further gradual decline of the pair next month. 

USDCHF has found support at 0.9325 and 0.9287. The analysts’ forecast shows that USDCHF weakness may solidify below 0.9287 and potential low for the pair will be at 0.9193 at the end of March.

It could then move above the 13-day exponential average at 0.9460, setting the stage for a short-term pause. If the pair is above the recent high at 0.9546, a former correction could be seen. 

Company MarketCheese
Period: 14.05.2025 Expectation: 1650 pips
Technical and fundamental background supports AUDCAD
07 May 2025 77
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segment "Currencies"
Period: 08.05.2025 Expectation: 550 pips
EURUSD to drop to 1.13000
07 May 2025 52
Period: 13.05.2025 Expectation: 240 pips
Brent crude price rebound to continue up to 65
07 May 2025 69
Period: 14.05.2025 Expectation: 1000 pips
Buying GBPUSD amid trade talks and weaker dollar with target at 1.344
07 May 2025 34
Period: 12.05.2025 Expectation: 1500 pips
USDJPY rebound fades ahead of Fed meeting
06 May 2025 68
Period: 30.05.2025 Expectation: 975 pips
Natural gas maintains upside potential within megaphone pattern
06 May 2025 75
Go to forecasts