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Swiss Franc Technical Analysis: GBP/CHF, AUD/CHF, CHF/JPY Technical Setups
For much of 2021, the GBP/CHF cross has been subject to volatile but sustained Swiss Franc strength. After a robust melt higher in January and February, the pair has remained in a sustained downtrend since the March top. Aside from a brief break in September, GBP/CHF upside has been constrained by descending trendline resistance. Price briefly attempted a test this week but was immediately swatted lower to support around 1.2580. Should 1.2580 breakdown, a support zone near 1.2500 has stood firm in recent months as a last line of defense. Upside targets in the near-term continue to be overheard trendline resistance, ... (full story)