The last movement down is explained by the current Swiss´s economics becoming more interesting than the US considering investors are looking for stronger economies where interest rates are still rising. Therefore, it is likely that the downtrend will continue as the Swiss currency will have more value. Furthermore, investors are looking for safe investments during the next possible recession, thus investors will go for the Swiss Franc as it is still considered as a safe haven asset. The rebound zone considers possible old support turning into a resistance.
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