- The USD/CHF is negotiated near minimum of 14 years after breaking below 0.7933; The following key support is found at 0.7900.
- The RSI is approaching overall but remains above extreme levels, pointing out sustained bearish pressure.
- Below 0.7900 it is exposed to 0.7710 (September minimum 2011); Resistance seen at 0.8038 and 0.8100 if the recovery begins.
The Swiss Franco (CHF) shoots at the US dollar (USD) on Monday, negotiating almost 14 years, near levels not seen since September 2011. At the time of writing, the USD/CHF collapsed to 0.7933, after reaching a minimum of several years of 0.7929, lowering more than 0.59%.
Forecast of the USD/CHF price: technical perspective
The USD/CHF has fallen during the last six days of negotiation, prepared to test the figure of 0.7900 in the short term. The bassists continued to exert down pressure on the torque, as indicated by the relative force index (RSI), which is approaching the overall territory but is maintained above the 20th mark, considered the most extreme.
If the USD/CHF falls below 0.7900, clear the way to test the minimum of September 2011 of 0.7710. Once surpassed, look for a proof of the monthly minimum of August 2011 of 0.7066.
On the other hand, if buyers recover 0.8000, this opens the door to a recovery. The first resistance zone would be the minimum of April 21, now converted into resistance, in 0.8038, followed by 0.8050. With more force, the next supply area will be 0.8100, followed by the 50 -day SMA at 0.8217.
USD/CHF price chart – Diario
Franco Swiss Price this year
The lower table shows the rate of change of the Swiss Franco (CHF) compared to the main currencies this year. Franco Swiss was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -12.12% | -8.75% | -8.36% | -5.33% | -5.93% | -8.23% | -12.57% | |
| EUR | 12.12% | 3.79% | 4.26% | 7.71% | 6.96% | 4.42% | -0.51% | |
| GBP | 8.75% | -3.79% | 0.44% | 3.79% | 3.06% | 0.61% | -4.15% | |
| JPY | 8.36% | -4.26% | -0.44% | 3.33% | 2.68% | 0.20% | -4.53% | |
| CAD | 5.33% | -7.71% | -3.79% | -3.33% | -0.75% | -3.07% | -7.65% | |
| Aud | 5.93% | -6.96% | -3.06% | -2.68% | 0.75% | -2.37% | -7.00% | |
| NZD | 8.23% | -4.42% | -0.61% | -0.20% | 3.07% | 2.37% | -4.73% | |
| CHF | 12.57% | 0.51% | 4.15% | 4.53% | 7.65% | 7.00% | 4.73% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the Swiss Franco from the left column and move along the horizontal line to the US dollar, the percentage change shown in the picture will represent the ChF (base)/USD (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
