Forex Analysis by Investing.com (Damian Nowiszewski) covering: USD/CHF, EUR/CHF, AUD/CHF, NZD/CHF. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
The Swiss franc currency pair has exhibited continued weakness after a brief stabilization period, attributed to the Swiss National Bank's unexpected interest rate cut in March.
This proactive stance from the central bank significantly accelerated the depreciation of the Swiss currency, setting it apart from the conservative monetary policies maintained by most other major institutions worldwide. Buyers are encountering limited resources to sustain the current momentum due to the nearby supply zone just above the 0.61 level.
Should a more significant pullback occur, attention should be directed towards former resistances, now turned support levels, for potential price reactions. The bullish scenario is currently dominant, yet it's important to monitor potential reversal signals, particularly around the 0.9840 level.
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