- The USD/CHF reclaims the 0.9700 figure, advancing towards the 0.9800 mark, up by 0.70%.
- USD/CHF Price Analysis: A daily close above 0.9740 opens the way towards 0.9900; otherwise, a fall to 0,9600 is on the cards.
The USD/CHF climbs during the North American session, hitting a six-week high at around 0.9762, leaving below the 20-day EMA, widening the gap from the long-term daily moving averages (DMAs). At the time of writing, the USD/CHF exchanges hands at 0.9746, up 0.70%.
USD/CHF Price Analysis: Technical outlook
The USD/CHF weekly chart illustrates the pair extended its gains above the 20-EMA, lying at 0.9676, following Monday’s unsuccessful break. Additionally, the Relative Strength Index (RSI) crossed above the 7-week RSI’s SMA, aiming higher, showing buyers are gathering momentum. Therefore, the USD/CHF is resuming its upward bias in the near term.
The USD/CHF daily chart illustrates the major bouncing off the 100-day EMA, after Monday’s failure to do, and extended its gains to hit a daily high at 0-9762 before retreating toward current price levels, just above the July 21 high at 0.9739. If the USD/CHF achieves a daily close below tie latter, a retracement towards the 0.9600 figure is on the cards. Otherwise, the USD/CHF could continue its way north, towards the 0.9886 mark, ahead of the 0.9900 psychological level.
Hence, the USD/CHF first resistance would be the 0.9800 figure, followed by the July 14 daily high at 0.9886, ahead of the psychologically 0.9900 mark. On the other hand, the USD/CHF first support would be the 0.9700 figure. Once cleared, the next demand area would be the 100-day EMA at 0.9665, followed by the 50-day EMA at 0.9616, and then the August 26 daily low at 0.9577.
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
![GBP/USD climbs above 1.2500 after UK GDP data](https://editorial.fxsstatic.com/images/i/GBP-bullish-object_Medium.png)
GBP/USD climbs above 1.2500 after UK GDP data
GBP/USD gathers bullish momentum and trades above 1.2500 in the European session on Thursday. Pound Sterling benefits from the improving risk mood and the upbeat UK data, which showed that the economy expanded at an annual rate of 1.4% in Q4, surpassing the market expectation of 1.1%.
![EUR/USD stays strongly bid toward 1.0450 ahead of EU data](https://editorial.fxsstatic.com/images/i/EURUSD_Medium.png)
EUR/USD stays strongly bid toward 1.0450 ahead of EU data
EUR/USD continues its upward momentum for the third straight session, eyeing 1.0450 in the European session on Thursday. The pair draws support from the unabated US Dollar selling in anticipation of an end to the Russia-Ukraine war. EU and US data also remain in focus.
![Gold price struggles to capitalize on intraday gains amid receding Fed rate cut bets](https://editorial.fxsstatic.com/images/i/Commodities_Gold-2_Medium.jpg)
Gold price struggles to capitalize on intraday gains amid receding Fed rate cut bets
Gold price attracts buyers for the second straight day amid a combination of supportive factors. Concerns about Trump’s trade tariff and a modest USD weakness underpin the XAU/USD pair.
![Ripple's XRP eyes a recovery as investors switch toward accumulation](https://editorial.fxsstatic.com/images/i/XRP-bullish-realistic_Medium.png)
Ripple's XRP eyes a recovery as investors switch toward accumulation
Ripple's XRP is up 2% in the early Asian session on Thursday following rising accumulation among investors and a potential bottom signal in the MVRV Ratio.
![How the European Union could counter US tariffs](https://editorial.fxsstatic.com/images/i/Global-Concept_3_Medium.png)
How the European Union could counter US tariffs
With Trump ordering a 25% import tax on all steel and aluminium entering the US, trade tensions are inching closer to Europe. We take a closer look at how European policymakers could react. Spoiler alert: it's complicated.
![The Best Brokers of the Year](https://editorial.fxsstatic.com/images/Brokers/Editors_Pick_Box_395x179_Medium.png)
The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.