0.832
Today
+0.43%
5 Days
+0.38%
1 Month
+2.80%
6 Months
+4.07%
Year to Date
+4.98%
1 Year
+4.67%
Opening Price
0.827Previous Closing Price
0.828
The upside prevails as long as 0.8294 is support, with 0.8338 and 0.8349 as targets
below 0.8294, expect 0.8275 and 0.8264.
The upside prevails as long as 0.8294 is support, with 0.8338 and 0.8349 as targets
USD/CHF edges higher on Monday, snapping a two-day losing streak as the US Dollar (USD) climbs to a fresh year-to-date high.
The Swiss Franc (CHF) has retraced previous losses on Monday and trades practically flat against the US Dollar (USD), hardly affected by the bond market turmoil that has crushed investors’ appètite for risk.
United Overseas Bank (UOB) strategist Quek Ser Leang notes USD/CHF reversed sharply from 0.8382 to close at 0.8286, with intraday price action expected to edge lower toward 0.8245 while staying above 0.8225.
USD/CHF gains ground after two days of losses, trading around 0.8310 during Asian hours on Monday. The pair is currently appreciating due to a strengthening US Dollar (USD) amid rising safe-haven demand, which could be attributed to deteriorating geopolitical conditions in the Middle East.
• USDCHF pullback resulted from softer U.S. PCE inflation and reduced rate hike expectations. • Swiss franc strengthened due to defensive demand amid global fixed-income market volatility. • Technical indicators show a USDCHF MACD buy signal with neutral RSI conditions.
The Swiss Franc (CHF) is emerging as a safe haven amid the global government bonds sell-off, showing a surprising comeback against an otherwise firm US Dollar (USD) this week, as Switzerland's sound fiscal position stands out with government debt escalating amid the world's leading economies.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.