0.833
Today
+0.23%
5 Days
-0.04%
1 Month
+2.98%
6 Months
+4.49%
Year to Date
+5.17%
1 Year
+4.85%
Opening Price
0.831Previous Closing Price
0.831
The upside prevails as long as 0.8294 is support, with 0.8338 and 0.8349 as targets
below 0.8294, expect 0.8275 and 0.8264.
The upside prevails as long as 0.8294 is support, with 0.8338 and 0.8349 as targets
Rabobank’s Senior FX Strategist Jane Foley highlights Switzerland’s strong current account and budget positions, credible central bank and governance, and high liquidity as underpinning the Swiss Franc’s safe haven status.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF remains in a tight range in the short term, with intraday levels clustered around 0.8300. Their 1–3 week view maintains a broader consolidation band, while the 1–3 month outlook suggests the pair could continue rebounding but lacks momentum to revisit its July peak.
Rabobank expects EUR/CHF to remain close to the 0.93 area in the coming weeks as Eurozone fiscal tensions continue to support safe-haven demand for the Swiss Franc.
The Swiss Franc (CHF) loses ground for the third consecutive day against the US Dollar (USD) on Wednesday, retracing the rebound witnessed late last week.
USD/CHF extends its gains for the third consecutive day, trading around 0.8330 during Asian hours on Wednesday. Switzerland’s seasonally-adjusted Unemployment Rate was unchanged at 3.1% for the fifth month in a row in September. Foreign Currency Reserves for September will be eyed later in the day.
USD/CHF extends its gains for the second successive day, trading around 0.8320 during European hours on Tuesday. The pair is moving higher as the US Dollar (USD) gains momentum, largely driven by a surge in safe-haven demand amidst escalating geopolitical conflicts.
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.