Today
-0.49%
5 Days
-1.39%
1 Month
-1.36%
6 Months
+4.59%
Year to Date
+3.11%
1 Year
+1.14%
Opening Price
0.821Previous Closing Price
0.821
The downside prevails as long as 0.8188 is resistance, with 0.8138 and 0.8127 as targets
above 0.8188, look for 0.8207 and 0.8217.
The downside prevails as long as 0.8188 is resistance, with 0.8138 and 0.8127 as targets
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 US Dollar (USD) has reversed Tuesday’s gains against the Swiss Franc (CHF) on Wednesday and dives more than 0.5% on the daily chart, as investors ponder the consequences of a sound Democratic victory in the US midterm elections.
USD/CHF has lost its recent gains from the previous day, trading around 0.8170 during Asian hours on Wednesday. The currency pair is experiencing downward pressure as the US Dollar (USD) weakens.
The Swiss Franc (CHF) extends gains for the second consecutive day on Tuesday, favoured by higher-than-expected Swiss Consumer Price Index (CPI) data while the US Dollar (USD) remains on the defensive, as US voters head to the polls in the midterm elections.
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.