- The USD/CHF falls to 0.8155 in the middle of a renewed feeling of ‘selling America’ in global markets.
- The RSI confirms the bearish impulse; The next objectives are the minimum of the year to date (YTD) at 0.8083 and the psychological support in 0.8000.
- The recovery needs a break above 0.8200, with resistance at 0.8300 and the maximum last week at 0.8346.
The USD/CHF extended its losses during the American session on Monday, lowering 0.60% as the US dollar weakened in all areas. An impulse of previous risk aversion, which surprisingly changed to positive, weighs on the US dollar (USD), which did not capitalize on its status while the trade of ‘selling America’ continues to gain strength in financial markets. The par is quoted below 0.8200 after reaching a minimum of six weeks of 0.8155.
Forecast of the USD/CHF price: technical perspective
Since it reached a weekly maximum of 0.8346, the USD/CHF torque has collapsed sharply due to the general weakness of the US dollar. The impulse measured by the relative force index (RSI) shows that sellers are gaining impulse. This means that the torque could test the minimums of the year to date (YTD) reached on April 21, a minimum of 0.8083. If that level is exceeded, the next stop would be the figure of 0.8000.
On the contrary, if the USD/CHF It falls below 0.8100, the following support would be the aforementioned YTD of 0.8083 and the figure of 0.8000.
USD/CHF price chart – 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 | -0.85% | -0.62% | -0.81% | -0.27% | -0.97% | -1.32% | -0.78% | |
| EUR | 0.85% | 0.22% | 0.05% | 0.57% | -0.12% | -0.51% | 0.06% | |
| GBP | 0.62% | -0.22% | -0.15% | 0.36% | -0.34% | -0.74% | -0.16% | |
| JPY | 0.81% | -0.05% | 0.15% | 0.54% | -0.17% | -0.53% | -0.07% | |
| CAD | 0.27% | -0.57% | -0.36% | -0.54% | -0.70% | -1.08% | -0.51% | |
| Aud | 0.97% | 0.12% | 0.34% | 0.17% | 0.70% | -0.33% | 0.28% | |
| NZD | 1.32% | 0.51% | 0.74% | 0.53% | 1.08% | 0.33% | 0.57% | |
| CHF | 0.78% | -0.06% | 0.16% | 0.07% | 0.51% | -0.28% | -0.57% |
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.
