Today
-0.21%
5 Days
+0.23%
1 Month
-0.71%
6 Months
+4.69%
Year to Date
+4.24%
1 Year
+4.14%
Opening Price
0.828Previous Closing Price
0.828
The downside prevails as long as 0.8285 is resistance, with 0.8238 and 0.8227 as targets
above 0.8285, look for 0.8304 and 0.8315.
The downside prevails as long as 0.8285 is resistance, with 0.8238 and 0.8227 as targets
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.
USD/CHF holds gains after paring daily gains, trading around 0.8280 during Asian hours on Thursday. The US Dollar (USD) lost recent gains after the Federal Reserve (Fed) kept interest rates unchanged as widely expected, while providing limited clarity on its next policy move.
USD/CHF consolidates modest gains on Wednesday ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT. The pair remains on the front foot for a fourth consecutive day as traders favour higher-yielding currencies, leaving the Swiss Franc (CHF) under pressure.
The Swiss Franc (CHF) has retraced previous gains against the US Dollar (USD) on Wednesday and trades practically flat on the daily chart, stronger as investors brace for the Federal Reserve’s (Fed) monetary policy decision, due later in the day.
UOB’s Quek Ser Leang highlights that USD/CHF extended gains to 0.8294 despite overbought conditions, with intraday scope for further upside though a move to the major 0.8320 resistance is seen unlikely. On a 1–3 week horizon, he now expects the pair to test 0.8320 after a close at 0.8290, but judges the odds of a sustained break above this level as low while strong support has shifted to 0.8250.
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.