0.824
Today
+0.49%
5 Days
-0.26%
1 Month
+0.56%
6 Months
+5.08%
Year to Date
+4.04%
1 Year
+3.59%
Opening Price
0.819Previous Closing Price
0.820
The upside prevails as long as 0.8212 is support, with 0.8254 and 0.8265 as targets
below 0.8212, expect 0.8194 and 0.8184.
The upside prevails as long as 0.8212 is support, with 0.8254 and 0.8265 as targets
USD/CHF rebounds on Friday, reversing the previous day’s losses as the US Dollar (USD) regains some ground alongside US Treasury yields. At the time of writing, the pair trades around 0.8250, up 0.56% on the day, after falling to a one-month low of 0.8191 on Thursday.
• USDCHF advanced due to a broader US Dollar recovery and widening rate differentials. • The Swiss National Bank maintained a zero percent policy rate amid subdued inflation. • Technical indicators show a neutral MACD, a neutral RSI, and a sell Williams %R.
The US Dollar (USD) is trimming losses against the Swiss Franc (CHF) on Friday, as the risk-off mood, stemming from surging Oil prices, has offset the negative impact of falling US Treasury yields.
USD/CHF holds ground after three days of losses, trading around 0.8210 during Asian hours on Friday. The currency pair has inched higher as the US Dollar (USD) recovers its daily losses despite mounting doubts regarding the sustainability of the AI trade.
The USD/CHF edges lower, losing 0.46% and dropping towards 0.8200 as safe-haven currencies like the Swiss Franc and the Japanese Yen are the only currencies appreciating versus the Greenback during the day. The pair trades at 0.8205.
Societe Generale’s Kit Juckes highlights the Swiss Franc’s role as a funding currency, with gradual depreciation interrupted by sharp rebounds during periods of market stress. With Swiss inflation subdued and fiscal and external balances stable, he sees little pressure on the SNB to raise rates.
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.