- The USD/CHF closes on Friday with an increase of 0.04%, but records a weekly drop of 1.37% to a minimum of one month at 0.8054.
- The bearish structure persists: lower maximum/minimums and a weak RSI indicate a continuous impulse down.
- The key support is found at 0.8054 and 0.8038; A break could expose the psychological level of 0.8000.
- Bulls need a break above 0.8147 to challenge 0.8200 and the 50 -day SMA about 0.8257.
The USD/CHF finished Friday with profits of more than 0.04%, but in the week more than 1.37% fell to a minimum of one month of 0.8054. At the time of writing, the par is traded at 0.8104 due to the increase in demand for the dollar in the middle of risk aversion.
Forecast of the USD/CHF price: technical panorama
The USD/CHF has a bassist trend due to its maximum and lowest minimum pricing pattern, indicating that the vendors are in control. In addition, the relative force index (RSI) registered a lower minimum, indicating bearish territory. That said, the path of lower resistance is inclined towards the decline.
If the USD/CHF falls below 0.8100, the next support level would be the minimum of June 13, 0.8054. With greater weakness, the fall of the torque could extend to 0.8038, before the figure of 0.8000.
On the positive side, a decisive breakdown of the maximum of June 13, 0.8147 can open the door to test 0.82, followed by the simple mobile average (SMA) of 50 days in 0.8057.
USD/CHF price chart – Diario
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 Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.33% | -0.29% | -0.52% | -0.82% | 0.15% | 0.09% | -1.29% | |
| EUR | 1.33% | 1.00% | 0.82% | 0.51% | 1.53% | 1.36% | 0.04% | |
| GBP | 0.29% | -1.00% | -0.10% | -0.49% | 0.53% | 0.38% | -0.91% | |
| JPY | 0.52% | -0.82% | 0.10% | -0.30% | 0.63% | 0.50% | -0.84% | |
| CAD | 0.82% | -0.51% | 0.49% | 0.30% | 0.86% | 0.84% | -0.46% | |
| Aud | -0.15% | -1.53% | -0.53% | -0.63% | -0.86% | -0.18% | -1.43% | |
| NZD | -0.09% | -1.36% | -0.38% | -0.50% | -0.84% | 0.18% | -1.24% | |
| CHF | 1.29% | -0.04% | 0.91% | 0.84% | 0.46% | 1.43% | 1.24% |
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.
