0.8300 in sight: USD/CHF Price Forecast as RSI shifts bullish

0.8227 marks the 50-day SMA reclaimed by USD/CHF as its recovery continues.
Near 0.8250, bullish momentum strengthens as RSI moves above neutral.
0.8300 comes into view on a daily close above 0.8250, with 0.8382 next.

USD/CHF gained 0.74% during Tuesday’s North American session. Hawkish remarks from Federal Reserve (Fed) officials and a high US inflation reading supported the US Dollar, as expectations grew for a Fed rate hike in December.

0.8250 in Focus: USD/CHF Technical Price Forecast

From a nearly two-month trough of 0.8127, USD/CHF has regained ground. At the time of writing, it has moved above the 50-day Simple Moving Average (SMA) at 0.8227. The pair touched 0.8270 before easing towards 0.8250, a nearly seven-day high.

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Buyers are building momentum, with the Relative Strength Index (RSI) now above its neutral mark of 50. Combined with a daily close above 0.8250, this could strengthen the case for a rebound towards 0.8300. Beyond that threshold, attention would turn to 0.8382, the year-to-date peak recorded on 1 October.

The 50-day SMA provides the initial downside support for USD/CHF. A break below it would bring the session low of 0.8174 into focus, then the 100-day SMA at 0.8164. Further down, the 0.8100 mark precedes the 200-day SMA at 0.8009.

USD/CHF – Daily Price Chart

Swiss Franc Performance Today

Against the Australian Dollar, the Swiss Franc posted its strongest performance today. The table below sets out today’s percentage changes in the Swiss Franc (CHF) against the major currencies listed.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.53%	0.73%	0.57%	0.48%	0.90%	0.54%	0.72%
EUR	-0.53%		0.19%	0.04%	-0.04%	0.37%	0.02%	0.22%
GBP	-0.73%	-0.19%		-0.17%	-0.23%	0.17%	-0.19%	0.00%
JPY	-0.57%	-0.04%	0.17%		-0.08%	0.32%	-0.02%	0.16%
CAD	-0.48%	0.04%	0.23%	0.08%		0.40%	0.05%	0.24%
AUD	-0.90%	-0.37%	-0.17%	-0.32%	-0.40%		-0.36%	-0.16%
NZD	-0.54%	-0.02%	0.19%	0.02%	-0.05%	0.36%		0.18%
CHF	-0.72%	-0.22%	-0.01%	-0.16%	-0.24%	0.16%	-0.18%

Percentage moves between major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. For instance, choosing the Swiss Franc on the left and following its row across to the US Dollar gives the percentage change for CHF (base)/USD (quote) in the corresponding cell.