0.801
Today
+0.52%
5 Days
-1.48%
1 Month
-0.76%
6 Months
+3.38%
Year to Date
+1.07%
1 Year
-0.81%
Opening Price
0.797Previous Closing Price
0.797• USDCHF advanced as the U.S. dollar recovered from previous selling. • SNB monetary policy divergence and carry strategies pressured the Swiss franc. • Technical indicators like RSI and MACD currently suggest neutral conditions.
USD/CHF regains ground on Thursday as the US Dollar (USD) stabilises following the previous day’s broad weakness, which pushed the pair below the 0.8000 psychological mark and to its lowest level since June 17, weakening the near-term bullish structure.
USD/CHF gains ground after registering handsome losses in the previous day, trading around 0.8000 during the Asian hours on Thursday. The USD/CHF pair continues to hold its gains as the Swiss Franc (CHF) remains under pressure ahead of the upcoming domestic Trade Balance report.
The 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.
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.
Our next up target stands at 0.8039
below 0.7970, expect 0.7948 and 0.7935.
Our next up target stands at 0.8039
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