USD/CHF Price Forecast: Reclaims 0.8100 as market structure is bullish

Source Fxstreet
  • USD/CHF posts higher lows, signaling buyers continue buying dips.
  • RSI keeps bullish bias, supporting path of least resistance higher.
  • Break above 0.8172 exposes 0.8200 and 0.8250 resistance.

The Swiss Franc loses ground against the Greenback in a trading session marked by CHF weakness amid improving risk appetite. At the time of writing, the USD/CHF trades at 0.8101, up 0.32%.

USD/CHF Price Forecast: Technical outlook

The USD/CHF recovered the 0.8100 level after hitting a three-day low of 0.8034 last week, in which the Greenback weakened. Worth noting that in the last four trading days, the pair reached a successive series of higher lows, hinting that buyers are moving in to buy the dip.

Momentum, as measured by the Relative Strength Index (RSI) shows that buyers hold the upper hand. Hence, the path of least resistance is upwards.

The first resistance for USD/CHF would be the August 1, 2025, peak at 0.8172. Above sits the 0.8200 mark, followed by the June 19, 2025, high at 0.8215, ahead of 0.8250. Once hurdled, the next stop would be the 0.8300 mark.

Downwards, the first support is the low of the day (LOD) at 0.8061. Below, the next support is the July 15 swing low of 0.8033 ahead of the psychological 0.8000 mark. A breach of it, and a move towards the 50-day Simple Moving Average (SMA) at 0.7979 is on the cards.

USD/CHF Price Chart — Daily

USD/CHF daily chart

Swiss Franc Price Today

The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.24% 0.19% 0.06% 0.45% -0.20% 0.13% 0.39%
EUR -0.24% -0.03% -0.15% 0.21% -0.44% -0.16% 0.14%
GBP -0.19% 0.03% -0.13% 0.25% -0.39% -0.12% 0.12%
JPY -0.06% 0.15% 0.13% 0.39% -0.26% 0.06% 0.29%
CAD -0.45% -0.21% -0.25% -0.39% -0.64% -0.33% -0.11%
AUD 0.20% 0.44% 0.39% 0.26% 0.64% 0.31% 0.55%
NZD -0.13% 0.16% 0.12% -0.06% 0.33% -0.31% 0.22%
CHF -0.39% -0.14% -0.12% -0.29% 0.11% -0.55% -0.22%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Pinduoduo Earnings Incoming: Morgan Stanley Sees Long-Term Profit Potential​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
Author  Mitrade
Nov 20, 2024
​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
placeholder
Finding The Best Japan Stocks to Buy? These are Top Japanese Companies to Watch Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
Author  Mitrade
May 29, Fri
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
placeholder
Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USDGold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
Author  FXStreet
Jul 13, Mon
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
placeholder
Gold Price Forecast: Cooling Inflation Fails to Offset Fed Hawkish Pressure, Gold Price May Fall to $3,500As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
Author  TradingKey
Jul 17, Fri
As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
placeholder
WTI surges above $83.00 amid escalating US-Iran conflictWest Texas Intermediate (WTI) oil price opened at a bullish gap, trading around $83.50 per barrel during the Asian hours on Monday.
Author  FXStreet
Yesterday 01: 34
West Texas Intermediate (WTI) oil price opened at a bullish gap, trading around $83.50 per barrel during the Asian hours on Monday.
Related Instrument
goTop
quote