0.825
Today
+0.59%
5 Days
+0.74%
1 Month
+2.96%
6 Months
+4.66%
Year to Date
+4.08%
1 Year
+4.08%
Opening Price
0.820Previous Closing Price
0.820
The upside prevails as long as 0.8228 is support, with 0.8271 and 0.8282 as targets
below 0.8228, expect 0.8210 and 0.8200.
The upside prevails as long as 0.8228 is support, with 0.8271 and 0.8282 as targets
USD/CHF rebounds above 0.8240 as higher highs remain intact.
USD/CHF edges higher on Wednesday, snapping a four-day losing streak as the US Dollar (USD) continues to attract buying following the Federal Reserve’s (Fed) hawkish rate hike at its September 15-16 policy meeting.
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann see USD/CHF stuck in tight ranges across timeframes. Intraday, they expect the US Dollar (USD) to hold between 0.8185 and 0.8230 as prior downside momentum has faded.
DBS Group Research economist Philip Wee expects the Swiss National Bank to keep its policy rate unchanged at 0% at the September 24 meeting, despite higher energy prices and a modest uptick in headline inflation.
USD/CHF gains ground after four days of losses, trading around 0.8220 during Asian hours on Wednesday. The currency pair appreciates as the US Dollar (USD) gains ground on the back of a hawkish policy outlook from the Federal Reserve (Fed).
The Swiss Franc (CHF) extended its recovery against the US Dollar (USD) on Tuesday, favoured by lower Oil prices amid hopes of a new round of US-Iran negotiations, which has prompted the Swiss National Bank (SNB) to launch an intervention warning.
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.