- USD/CHF holds to its gains above the 50 and 100-DMA.
- The USD/CHF daily chart illustrates the pair as neutral biased.
- In the 4-hour chart, unsuccessfully tests of the 20-EMA on the downside keep the USD/CHF tilted upwards.
USD/CHF advances during the North American session, up by 0.31%, bolstered by a strong US dollar, despite a release of mixed US economic data ahead of the so-awaited Jerome Powell speech at Jackson Hole. At the time of writing, the USD/CHF is trading at 0.9662, above its 50 and 100-day EMAs.
USD/CHF Price Analysis: Technical outlook
The daily chart illustrates price action in the last couple of days as range-bound, about to form a “bearish-harami” candle pattern, which would pose downward pressure on the major. Nevertheless, the Relative Strength Index (RSI) at 58.65 exerts upward pressure on the pair, meaning that the best way to trade the USD/CHF from a daily chart perspective is to expect a break of the previous high/low and wait for a re-test of the breakout.
The 4-hour chart paints a different picture. The USD/CHF has been advancing steadily since August 11, until Tuesday, when the USD/CHF printed a negative day. Nevertheless, it’s worth noting that the day’s low pierced the 20-EMA of the 4-hour chart, stalling the major’s dive before consolidating for a re-test. Today, the USD/CHF re-tested the previously-mentioned moving average, and for the second consecutive time, USD/CHF buyers lifted prices to current price levels.
However, with the Relative Strength Index (RSI) at 61.73, aiming downwards could keep the USD/CHF risks skewed to the downside. But if the USD/CHF breaks above the August 23 high at 0.9692, that will expose the 0.9700 figure, followed by the R2 daily pivot at 0.9730.
USD/CHF Key Technical Levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
Gold trades near record-high, stays within a touching distance of $3,100
Gold clings to daily gains and trades near the record-high it set above $3,080 earlier in the day. Although the data from the US showed that core PCE inflation rose at a stronger pace than expected in February, it failed to boost the USD.
EUR/USD turns positive above 1.0800
The loss of momentum in the US Dollar allows some recovery in the risk-associated universe on Friday, encouraging EUR/USD to regain the 1.0800 barrier and beyond, or daily tops.
GBP/USD picks up pace and retests 1.2960
GBP/USD now capitalises on the Greenback's knee-jerk and advances to the area of daily peaks in the 1.2960-1.2970 band, helped at the same time by auspicious results from UK Retail Sales.
Donald Trump’s tariff policies set to increase market uncertainty and risk-off sentiment
US President Donald Trump’s tariff policies are expected to escalate market uncertainty and risk-off sentiment, with the Kobeissi Letter’s post on X this week cautioning that while markets may view the April 2 tariffs as the "end of uncertainty," it anticipates increased volatility.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.