USD/CHF Price Forecast: Stalls below 0.7860 as investors await Iran war developments
The US Dollar (USD) is trading flat against the Swiss Franc (CHF) on Wednesday, as the rebound from Tuesday's weekly lows near 0.7810 has been halted below a previous support level in the area of 0.7860.
  • USD/CHF stalls below 0.7860 after bouncing from 0.7810 lows earlier this week
  • Concerns about resuming hostilities in Iran are weighing on risk appetite.
  • Oil prices remain below the key $100 level, providing some support to the Swissie.

The US Dollar (USD) is trading flat against the Swiss Franc (CHF) on Wednesday, as the rebound from Tuesday's weekly lows near 0.7810 has been halted below a previous support level in the area of 0.7860. Markets are struggling to find direction in the absence of key macroeconomic data and with news from the Middle East offering contrasting views.

Risk appetite remains subdued after US attacks on southern Iran earlier in the week, which, according to Tehran, have violated the ceasefire. Investors, however, remain hopeful of a negotiated end of the war, which is keeping US Dollar rallies limited so far, and Oil prices about 10% below last week’s highs.

Technical Analysis: The near-term trend remains positive


Chart Analysis USD/CHF

The USD/CHF found support at the broken trendline of a descending wedge pattern on Monday and bounced up, keeping the immediate bullish structure in place. Momentum indicators, however, are hinting at a lack of clear bias. The 4-hour Relative Strength Index (RSI) is wavering around the 50 midline, and the Moving Average Convergence Divergence (MACD) has inched into positive territory, yet showing a tentative attempt to base out rather than a confirmed bullish reversal.

Bulls should breach the mentioned resistance area around 0.7860 (May 20, 21 lows) and a key resistance area between 0.7905 and 0.7925, which held gains several times in April and May, to confirm a trend shift and set sail to the April peaks above 0.8000.

On the contrary, a bearish reaction below the mentioned trendline, now at 0.7800, would put sellers back in charge, and expose the May 8 low, at 0.7762, ahead of the wedge bottom, now near 0.7700

(The technical analysis of this story was written with the help of an AI tool.)

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.12% 0.00% 0.10% 0.09% 0.42% -0.68% -0.05%
EUR 0.12% 0.12% 0.20% 0.20% 0.49% -0.56% 0.07%
GBP -0.01% -0.12% 0.04% 0.08% 0.39% -0.66% -0.04%
JPY -0.10% -0.20% -0.04% 0.00% 0.32% -0.75% -0.11%
CAD -0.09% -0.20% -0.08% -0.01% 0.31% -0.73% -0.11%
AUD -0.42% -0.49% -0.39% -0.32% -0.31% -1.04% -0.40%
NZD 0.68% 0.56% 0.66% 0.75% 0.73% 1.04% 0.63%
CHF 0.05% -0.07% 0.04% 0.11% 0.11% 0.40% -0.63%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

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