Ever since January 2026, the Swiss franc has made numerous attempts to break resistance at the 205 level without success. The result was a death cross formation on 18th August 2026, which now puts focus on the 38.2% Fibonacci retracement level at 189. based on the entire 205 to 165 range traded since September 2024. Any upside retracement should find resistance at the falling 50 day moving average at 198.38.

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