0.816
Today
+0.38%
5 Days
+1.04%
1 Month
+0.72%
6 Months
+4.83%
Year to Date
+2.96%
1 Year
+2.09%
Opening Price
0.813Previous Closing Price
0.813
The price could retrace.
below 0.8124, expect 0.8103 and 0.8090.
As long as 0.8124 is support, look for 0.8195
USD/CHF holds onto gains on Friday even as the US Dollar (USD) turns lower following the release of the latest United States (US) Consumer Price Index (CPI) report, which strengthened expectations that the Federal Reserve (Fed) could raise interest rates next week.
The Swiss Franc extends losses for the sixth consecutive day against the US Dollar on Friday, nearing one-and-a-half-month lows at the mid-0.8100s.
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann note that USD/CHF has broken higher toward 0.8147, with overbought but still constructive momentum suggesting scope to test 0.8155 intraday.
USD/CHF gains ground for the third consecutive day, trading around 0.8140 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground as expectations grow for a Federal Reserve (Fed) rate hike in September.
The Swiss Franc (CHF) has given back previous daily gains against the US Dollar (USD) in a calm trading session on Thursday, as the USD/CHF pair returned above 0.8100, although it remains halfway through the weekly trading range.
UOB’s Quek Ser Leang and Lee Sue Ann keep a range-trading view on USD/CHF around 0.8100, after the pair held between 0.8065 and 0.8109 and closed near 0.8099. They now expect a slightly narrower 0.8060–0.8135 band to contain moves in the coming weeks.
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