Today
+0.83%
5 Days
+1.37%
1 Month
+0.32%
6 Months
+7.27%
Year to Date
+5.04%
1 Year
+3.40%
Opening Price
0.825Previous Closing Price
0.825
The upside prevails as long as 0.8275 is support, with 0.8319 and 0.8330 as targets
below 0.8275, expect 0.8255 and 0.8243.
The upside prevails as long as 0.8275 is support, with 0.8319 and 0.8330 as targets
The US Dollar (USD) rallies Wednesday, fuelled by higher bets of a Federal Reserve (Fed) rate hike in December, with the Swiss Franc (CHF) crushed by higher appetite for risk and an unfavourable monetary policy divergence.
USD/CHF extends its gains for the second consecutive day, trading around 0.8260 during early European hours on Wednesday. The currency pair continues to appreciate as the US Dollar (USD) remains firm following the latest US inflation report.
The USD/CHF climbed on Tuesday during the North American session, up 0.74%, as hawkish comments by Federal Reserve (Fed) officials and a high US inflation report bolstered the US Dollar amid growing expectations of a Fed rate hike in December.
USD/CHF remains steady after posting minor losses in the previous day, trading around 0.8190 during Asian hours on Tuesday.
USD/CHF extends its gains for the third consecutive day, trading around 0.8210 during Asian hours on Monday. However, the upside of the pair could be limited as the Greenback may face challenges due to a drop in crude oil prices. Lower oil prices help ease inflationary pressures.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann see USD/CHF consolidating after a sharp fall and rebound, with flat momentum indicators. For the next 24 hours, they expect the pair to hold between 0.8125 and 0.8185.
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.
