USD/CHF Price Forecast: Rejection at 0.8100 keeps the US Dollar on the back foot

ARTIGOS POPULARES

The US Dollar (USD) has turned lower against the Swiss Franc (CHF) on Friday’s European trading session, after failing to find acceptance above the 0.8100 level, which keeps the immediate bearish structure in place. The Dollar remains weighed by the soft US inflation figures released earlier this w

USD/CHF fails to break 0.8100 and resumes its near-term bearish trend, retreating to the 0.8075 area.
The US Dollar remains on its back foot amid cooling hopes of immediate Fed tightening.
Technically, the pair is trading lower within the broader horizontal channel.

US Consumer Price Index (CPI) and Producer Price Index (PPI) figures confirmed that inflationary pressures moderated in June, favoured by a sharp pullback in Oil prices. These numbers provide the Fed further leeway to assess the economic impact of the volatile energy prices, which practically discards a rate hike in July and cools hopes of one in September.

Geopolitical tensions, on the other hand, remain high, as the US and Iran escalated their reciprocal attacks this week, and Iran threatened to close other energy routes, which might bring the global economy to the edge. This is likely to keep appetite for risk subdued and cushion the US Dollar’s downside attempts.

Technical Analysis: Trading lower within a horizontal channel

USD/CHF trades at 0.8073, with recent price action showing a sequence of lower highs and lower lows, yet within a roughly 120-pip range and with momentum indicators at neutral-to-bearish levels. The four-hour Relative Strength Index (14) is hovering just below the 50 line, while the Moving Average Convergence Divergence (MACD) indicator sits marginally below zero, both hinting at subdued bullish conviction.

On the downside, initial support is seen at the July 10 and 15 lows near 0.8030, with key support in the area between early July lows, at 0.8010, and the 38.2% Fibonacci retracement of June's rally, at 0.8007. On the topside, bulls would need to confirm above session highs at 0.8100 to aim for the top of the channel at the area between 0.8135 and 0.8150, which capped rallies in late June and mid-July.

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

Swiss Franc Price Today

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

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.00%	0.22%	0.00%	-0.07%	0.29%	0.17%	-0.19%
EUR	-0.01%		0.22%	-0.04%	-0.11%	0.30%	0.16%	-0.22%
GBP	-0.22%	-0.22%		-0.24%	-0.32%	0.07%	-0.03%	-0.44%
JPY	0.00%	0.04%	0.24%		-0.07%	0.30%	0.17%	-0.20%
CAD	0.07%	0.11%	0.32%	0.07%		0.38%	0.26%	-0.13%
AUD	-0.29%	-0.30%	-0.07%	-0.30%	-0.38%		-0.13%	-0.51%
NZD	-0.17%	-0.16%	0.03%	-0.17%	-0.26%	0.13%		-0.38%
CHF	0.19%	0.22%	0.44%	0.20%	0.13%	0.51%	0.38%

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 Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).

FXStreet

Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.

Ler mais

Item 1 of 0