Today
+0.04%
5 Days
+0.42%
1 Month
-0.07%
6 Months
+5.46%
Year to Date
+4.50%
1 Year
+4.14%
Opening Price
0.828Previous Closing Price
0.828
As long as 0.8263 is support, look for 0.8321
below 0.8263, expect 0.8243 and 0.8232.
As long as 0.8263 is support, look for 0.8321
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.
USD/CHF gains ground for the fourth consecutive day, trading around 0.8300 during Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) gains ground amid market caution ahead of the US Federal Reserve’s (Fed) interest rate decision due later in the day.
The USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges hands at 0.8282 with buyers eyeing the 0.8300 mark.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/CHF extended its rapid rise to 0.8278, leaving short-term conditions overbought but still allowing scope for a test of 0.8290, with limited potential for sustained gains above that level. On a 1–3 week horizon, upward momentum is building from a previously neutral stance, and a daily close above 0.8290 could open room toward 0.8320, provided 0.8230 holds as strong support.
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