- The US dollar has been limited at 0.8345 before going back to levels just above the support area of 0.8265.
- The enthusiasm for the prohibition of Trump’s commercial tariffs has decreased.
- The immediate bias remains positive while above 0.8265 and 0.8215.
The US dollar recovered earlier on Thursday, finding vendors in the area of 0.8345. The pair shows marginal gains in the daily chart, but a 0.8265 support proof is on the horizon, with the dollar backing to its main peers.
A Judgment of a Federal Court of the United States blocking Trump’s tariffs to US business partners promoted the US dollar’s demand in a earlier rally today. However, the dollar lost impulse as the market digested the news, with increasingly cautious investors before US GDP data and weekly unemployment applications.
Technical analysis of the USD/CHF: The immediate trend remains positive
From a technical perspective, the immediate bias of the USD/CHF remains positive, although the 4 -hour RSI is approaching the key level of 50 that divides the bassist’s bullish territory.
The rupture above the descending channel and the sailing of “Morning Star” in the daily graphic suggest that the pair could have established a minimum in the 0.8190 area and is directed up.
The resistance levels are at the maximum of May 20, 0.8365 and the maximum of May 16, at 0.8400. Downward, a breakdown of the mentioned 0.8265 and the line of reverse trend, now at 0.8215, would cancel this vision.
4 hours of USD/CHF
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 in front of the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.10% | 0.02% | 0.09% | -0.06% | -0.20% | 0.03% | 0.16% | |
| EUR | -0.10% | -0.07% | 0.02% | -0.16% | -0.25% | -0.07% | 0.05% | |
| GBP | -0.02% | 0.07% | 0.08% | -0.08% | -0.16% | 0.00% | 0.04% | |
| JPY | -0.09% | -0.02% | -0.08% | -0.16% | -0.33% | -0.11% | -0.04% | |
| CAD | 0.06% | 0.16% | 0.08% | 0.16% | -0.19% | 0.10% | 0.12% | |
| Aud | 0.20% | 0.25% | 0.16% | 0.33% | 0.19% | 0.18% | 0.20% | |
| NZD | -0.03% | 0.07% | 0.00% | 0.11% | -0.10% | -0.18% | 0.02% | |
| CHF | -0.16% | -0.05% | -0.04% | 0.04% | -0.12% | -0.20% | -0.02% |
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.
