0.797
Today
-1.79%
5 Days
-1.61%
1 Month
-1.21%
6 Months
+3.15%
Year to Date
+0.61%
1 Year
-1.25%
Opening Price
0.812Previous Closing Price
0.812The USD/CHF tumbles nearly 2% on Wednesday as a US Treasury announcement of a buyback sent the Greenback into a tailspin, as US Treasury yields also dive. The pair trades at 0.7979 after reaching a high of 0.8128.
• USD/CHF declined due to broad U.S. dollar weakness and shifting Fed expectations. • Swiss franc gained support from strong Q2 economic growth and safe-haven demand. • Technical indicators show a neutral MACD, neutral RSI, and sell Williams %R.
The Swiss Franc (CHF) appreciates moderately on Wednesday, as the US Dollar (USD) pulls back against major peers, with investors bracing for the release of the minutes of July’s Federal Reserve (Fed) monetary policy meeting, due later on the day.
USD/CHF depreciates after registering modest gains in the previous day, trading around 0.8120 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) weakens amid easing expectations of a US interest rate hike next month.
The USD/CHF recovers some ground after testing the 50-day Simple Moving Average (SMA) of 0.7866 along with the bottom trendline of the ‘bearish flag’, which so far contained price action amid the lack of conviction of buyers and sellers, regarding the trend’s direction.
The Swiss Franc (CHF) trades marginally lower against the US Dollar (USD) in the early European trading session on Tuesday, with the USD/CHF pair edging up to near 0.8116.
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.
The downside prevails as long as 0.8035 is resistance, with 0.7959 and 0.7945 as targets
above 0.8035, look for 0.8057 and 0.8071.
The downside prevails as long as 0.8035 is resistance, with 0.7959 and 0.7945 as targets
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