- The USD/CHF bounces from 0.8065 while Scott Besunt and the White House point out advances in commercial negotiations with China, Japan and India.
- The feeling of the market improves dramatically, but Trump’s attacks on Powell continue to cloud the credibility of the Fed.
- The technicians show 0.8200 as a key level; An upward break could have 0.8267 and 0.8400, while a failure risks a fall to 0.8038 or less.
The USD/ChF takes a U and Opera turn with profits of more than 1% on Tuesday, since the mood of the market improved by commercial headlines and a possible de -escalation of the tensions of the conflict between the US and China. At the time of writing, the par is quoted at 0.8181 after reaching a daily minimum of 0.8065.
The USD/CHF shoots at 0.8181 due to hopes of de -escalation in China; Concerns about the independence of the Fed still threaten the rising impulse
The White House revealed that advances in commercial agreements are being made, with Karoline Leavitt saying that “the ball is moving in the right direction with China.” Meanwhile, Politico revealed that the White House is close to agreements with Japan and India.
The US Treasury secretary, Scott Besent, said he saw a broken down with China during a closed door in Washington, according to Bloomberg. In this context, Wall Street shot, the USD/ChF deleted the losses of Monday and closed near the maximum of the week of 0.8190.
However, the bulls of the USD/ChF are not out of danger after the recent attacks of President Trump to the president of the Fed, Jerome Powell. An escalation of rhetoric would question the independence of the Fed, promoting flows outside the dollar’s safe refuge status.
Forecast of the USD/CHF price: technical perspective
The bassist trend of the USD/CHF remains intact, but buyers who drive the exchange rate about 0.8200 could exacerbate a rebound towards the peak of April 14, 0.8267. A rupture of these levels will exhibit 0.8300, followed by a movement towards the figure of 0.8400.
On the contrary, if the USD/CHF closes below 0.8200, look for a 0.8100 test before the minimum of April 21, 0.8038. If it exceeds, the torque could reach the area of ​​0.79 for the first time since September 2011.
On the contrary, buyers need to recover the peak of April 21, 0.8163 to be able to challenge the following resistance level, the maximum of April 14, 0.8267.
Franco Swiss Price this week
The lower table shows the percentage of change of the Swiss Franco (CHF) compared to the main currencies this week. Franco Swiss was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.17% | -0.29% | -0.21% | -0.24% | 0.11% | -0.67% | 0.28% | |
| EUR | 0.17% | -0.28% | -0.03% | -0.11% | 0.09% | -0.54% | 0.42% | |
| GBP | 0.29% | 0.28% | 0.40% | 0.19% | 0.37% | -0.26% | 0.71% | |
| JPY | 0.21% | 0.03% | -0.40% | -0.03% | 0.21% | -0.36% | 0.49% | |
| CAD | 0.24% | 0.11% | -0.19% | 0.03% | 0.24% | -0.44% | 0.53% | |
| Aud | -0.11% | -0.09% | -0.37% | -0.21% | -0.24% | -0.61% | 0.34% | |
| NZD | 0.67% | 0.54% | 0.26% | 0.36% | 0.44% | 0.61% | 0.99% | |
| CHF | -0.28% | -0.42% | -0.71% | -0.49% | -0.53% | -0.34% | -0.99% |
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.
