USD/CHF stays above 200-day SMA as inverse head-and-shoulders is intact
The USD/CHF remains steady on Wednesday as market participants await the US central bank's monetary policy decision, with the Federal Reserve expected to hold rates unchanged. At the time of writing, the pair trades at 0.7932, flattish.
  • USD/CHF holds inverse head-and-shoulders above 200-day SMA support.
  • Flat RSI slope signals indecision despite bullish momentum backdrop.
  • Break above 0.7950 exposes 0.8013 and 0.8042 resistance.

The USD/CHF remains steady on Wednesday as market participants await the US central bank's monetary policy decision, with the Federal Reserve expected to hold rates unchanged. At the time of writing, the pair trades at 0.7932, flattish.

USD/CHF Price Forecast: Technical outlook

Price action shows that the ‘inverse head-and-shoulders’ remains intact, with the USD/CHF spot price sitting above the 200-day Simple Moving Average (SMA) at 0.7905, usually sought for investors and algos, as a trend-setter signal in the long term.

The Relative Strength Index (RSI) shows that momentum is bullish, though the index’s slope is horizontal, an indication of indecision amongst traders.

Above, the USD/CHF's first key resistance is the 0.7950 psychological level, followed by the June 11 swing high at 0.8013. Once hurdled, the next stop would be the March 31 high of 0.8042, which is also the ‘inverse head-and-shoulders’ measured target, ahead of 0.8050.

On the flip side, if the pair slides below the 200-day SMA, it opens the door to clear the 0.7900 figure. A breach of the latter will expose the confluence of the 50-day SMA and the June 4 daily low of 0.7868, followed by the 100-day SMA at 0.7841. Below these levels lies the 0.7800 figure.

USD/CHF Price Chart – Daily

USD/CHF daily chart

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 Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.14% 0.23% -0.16% 0.26% -0.09% 0.24% -0.07%
EUR -0.14% 0.09% -0.26% 0.11% -0.24% 0.12% -0.20%
GBP -0.23% -0.09% -0.36% 0.03% -0.29% 0.03% -0.25%
JPY 0.16% 0.26% 0.36% 0.40% 0.06% 0.34% 0.12%
CAD -0.26% -0.11% -0.03% -0.40% -0.34% -0.01% -0.28%
AUD 0.09% 0.24% 0.29% -0.06% 0.34% 0.34% 0.07%
NZD -0.24% -0.12% -0.03% -0.34% 0.01% -0.34% -0.27%
CHF 0.07% 0.20% 0.25% -0.12% 0.28% -0.07% 0.27%

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).

Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa

LIVE QUOTES

Pangalan / Simbolo
Tsart
% Pagbabago / Presyo
GBPUSD
1 araw na pagbabago
+0%
0
EURUSD
1 araw na pagbabago
+0%
0
USDJPY
1 araw na pagbabago
+0%
0

LAHAT TUNGKOL SA FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa