Today
+0.08%
5 Days
+0.53%
1 Month
-1.07%
6 Months
+4.27%
Year to Date
+4.09%
1 Year
+3.13%
Opening Price
0.824Previous Closing Price
0.824
The upside prevails as long as 0.8228 is support, with 0.8279 and 0.8290 as targets
below 0.8228, expect 0.8209 and 0.8197.
The upside prevails as long as 0.8228 is support, with 0.8279 and 0.8290 as targets
The Swiss Franc (CHF) is giving away gains against the US Dollar (USD) on Friday, weighed by concerns about the Swiss economy's exposure to the higher Oil prices.
United Overseas Bank strategists Quek Ser Leang and Lee Sue highlight a sharp USD/CHF drop that invalidated their prior range-trading call and erased earlier upside momentum.
USD/CHF extends its losses for the third consecutive day, trading around 0.8220 during Asian hours on Friday. The pair is experiencing downward pressure as the US Dollar (USD) weakens on reduced safe-haven demand, driven by optimism around US-led diplomatic efforts.
• Federal Reserve rate decisions and falling Treasury yields reduced USDCHF momentum. • Safe-haven capital flows strengthened the Swiss Franc amid broader market volatility. • Technical indicators show a neutral MACD, neutral RSI, and oversold Williams %R.
The US Dollar (USD) nurses minor gains against the Swiss Franc (CHF) on Thursday, with markets calm in the aftermath of the US Federal Reserve (Fed) meeting.
UOB strategists Quek Ser Leang and Lee Sue Ann observe that USD/CHF failed to decisively clear resistance, peaking at 0.8313 before closing lower at 0.8279. For the next 24 hours, they expect consolidation between 0.8265 and 0.8305 as momentum indicators turn flat. Over 1–3 weeks, price action still points to a possible test of 0.8320, though odds of a sustained break higher are seen as low.
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.
