- The USD/CHF earns 0.19% to 0.9126, going back from a three -week peak while trade negotiations show promise.
- The technical analysis suggests an upward trend with potential to aim at 0.9200 if the support at 0.9100 remains.
- The downward risks loom if the torque falls below 0.9100, with a possible setback to the SMA level of 0.8990.
The USD/CHF cuts some profits after reaching a maximum of three weeks of 0.9195. The appetite for risk improves due to a delay in the application of US tariffs in Mexico, an indication that Washington is open to negotiating commercial terms. At the time of writing, the PAR is quoted at 0.9126, rising 0.19%.
USD/CHF Price analysis: Technical Perspective
The USD/CHF is in a correction mode in an intra -dial base, but the general trend is upward, as shown in the daily chart. However, the bulls need to keep prices above 0.9100 on a daily base to be able to challenge the figure of 0.9200 in the short term.
The impulse favors a greater increase, as the relative force index (RSI) shows. Therefore, if the USD/CHF advances beyond 0.9200, the next key resistance would be the maximum of April 2024 in 0.9224 before challenging 0.9300.
However, if the vendors push the exchange rate of the USD/CHF below 0.9100, this could pave the way for a setback to the simple mobile average (SMA) of 50 days in 0.8990. A rupture of this last will expose a minimum swing of November 2024 of 0.8956.
USD/CHF Price Graph – Diario
Franco Swiss price today
The lower table shows the rate of change of the Swiss Franco (CHF) compared to the main coins today. Franco Swiss was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.65% | -0.07% | -0.19% | -0.91% | 0.39% | -0.04% | -0.40% | |
| EUR | -0.65% | -0.32% | 0.48% | -0.26% | 0.20% | 0.61% | 0.28% | |
| GBP | 0.07% | 0.32% | -0.31% | 0.06% | 0.53% | 0.93% | 0.61% | |
| JPY | 0.19% | -0.48% | 0.31% | -0.72% | 0.73% | 1.08% | 0.46% | |
| CAD | 0.91% | 0.26% | -0.06% | 0.72% | 0.21% | 0.87% | 0.55% | |
| Aud | -0.39% | -0.20% | -0.53% | -0.73% | -0.21% | 0.40% | 0.05% | |
| NZD | 0.04% | -0.61% | -0.93% | -1.08% | -0.87% | -0.40% | -0.32% | |
| CHF | 0.40% | -0.28% | -0.61% | -0.46% | -0.55% | -0.05% | 0.32% |
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.
