0.812
Today
-0.20%
5 Days
+0.02%
1 Month
-0.28%
6 Months
+5.79%
Year to Date
+2.45%
1 Year
+0.84%
Opening Price
0.813Previous Closing Price
0.813Rabobank's Senior FX Strategist Jane Foley highlights Switzerland’s stronger-than-expected Q2 Gross Domestic Product (GDP) and resilient economy, yet notes EUR/CHF remains in a gentle uptrend since late May.
The Swiss Franc (CHF) picks up from two-week lows as the US Dollar (USD) struggles with markets cutting back bets of a Federal Reserve (Fed) interest rate hike in September.
USD/CHF halts its four-day winning streak, trading around 0.8140 during the Asian hours on Friday. The currency pair edges lower as the US Dollar (USD) faces downward pressure following a softer-than-expected US inflation report.
The USD/CHF trades near the top trendline of a ‘bearish-flag,’ holds steady at around 0.8034, following the release of good inflation data on the producer side.
USD/CHF depreciates after three days of gains, trading around 0.8130 during the European hours on Thursday. The pair holds losses as the Swiss Franc (CHF) remains stronger following Swiss Producer and Import Prices data for July.
OCBC’s Sim Moh Siong and Christopher Wong highlight that the Swiss Franc (CHF) has weakened toward their year-end EUR/CHF target of 0.94, making it a preferred funding currency for carry trades.
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 configuration is negative.
above 0.8138, look for 0.8161 and 0.8175.
The downside prevails as long as 0.8138 is resistance, with 0.8077 and 0.8063 as targets
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