Today
-0.02%
5 Days
-1.32%
1 Month
-1.39%
6 Months
+4.23%
Year to Date
+3.08%
1 Year
+0.89%
Opening Price
0.817Previous Closing Price
0.817
The downside prevails as long as 0.8173 is resistance, with 0.8122 and 0.8111 as targets
above 0.8173, look for 0.8191 and 0.8202.
The downside prevails as long as 0.8173 is resistance, with 0.8122 and 0.8111 as targets
Swiss National Bank (SNB) Chairman Martin Schlegel said the policy rate remains the central bank’s main tool during a speech titled “Transmission and conduct of monetary policy in Switzerland” at a conference in Zurich on Thursday.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/CHF slid to 0.8124 before rebounding to 0.8168, with intraday price action expected to consolidate between 0.8125 and 0.8185.
The Swiss Franc (CHF) gives up earlier gains on Thursday as the US Dollar (USD) shows signs of stabilising following US midterm election volatility, helping USD/CHF rebound. At the time of writing, the pair trades around 0.8176, up 0.10% on the day, after recovering from an intraday low of 0.8135.
USD/CHF extends its losses for the second consecutive day, trading around 0.8140 during Asian hours on Thursday.
The USD/CHF extended its losses during the North American session, hitting a two-month low of 0.8127 earlier in the day as traders dumped the US Dollar in favor of other haven assets like the Swiss Franc or the Japanese Yen. Consequently, the pair edges down 0.45% and trades at 0.8172.
Chris Turner at ING notes EUR/CHF fell after Swiss inflation surprised at 1.5% year-on-year, raising doubts that the Swiss National Bank can avoid tightening through 2027. He recalls the SNB’s 2023 strategy of driving the Swiss Franc stronger via FX sales and expects growing interest in the currency, with downside risks to existing EUR/CHF forecasts over coming months.
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.