USD/CHF forecast for today by Traders Union analysts
The USD/CHF is considered one of the majors in the Forex market. This makes USD/CHF attractive for trading and investing. Traders Union analysts prepare the Swiss franc price prediction daily to always be up to date on the latest trends in the market.
USD/CHF is declining
16.05.2024
The U.S. dollar fell against the Swiss franc to 0.9015 support following yesterday's selling triggered by the release of inflation data. It continues to be sold on rebounds, indicating the risk of a decline toward the psychological level of 0.9000. Breaking 0.9040 will lead to a growth toward 0.9050-0.9060.
USD/CHF is being sold on the rise
15.05.2024
The increase in the U.S. PPI and Jerome Powell's remarks failed to motivate buying of the U.S. dollar, even against the Swiss franc. Furthermore, after reaching the 0.9100 level, it was once again sold off, resulting in a drop to the 0.9060 support. The rise in the USD/CHF cross rate has a restraining effect on the strengthening of the Swiss franc, but the risks of breaking the 0.9050 support and falling toward 0.9030 still remain. Breaking 0.9070 will allow testing 0.9090-0.9100.
USD/CHF is bought again from 0.9050 support
14.05.2024
The decline of the U.S. dollar to 0.9050 support against the Swiss franc again attracted buying interest, against which 0.9085 resistance was tested. Bears may retest support again, but in the event of an increase in the Producer Price Index, the U.S. dollar growth toward 0.9110-0.9120 is possible.
USD/CHF remains under pressure
13.05.2024
Striving to maintain levels above the 0.9060 support against the Swiss franc, the U.S. dollar tested the 0.9085 resistance on Friday. However, it faced rejection and retreated back toward the support level, thereby escalating the possibilities of breaking it and declining toward 0.9030. Breaking resistance will provide the U.S. dollar with a growth toward 0.9120-0.9140.
USD/CHF is falling again
10.05.2024
In the pair with the Swiss franc, the U.S. dollar once again tested 0.9095 resistance yesterday, where it was sold again. This time, bears broke 0.9070 support and tested the 0.9056 level. There are still no objective reasons for selling the USD/CHF, so a decline toward 0.9030-0.9010 may be used for buying. A confident break of this support will lead to a decline toward 0.8970-0.8950.
USD/CHF retreated to 0.9075 support
09.05.2024
Alongside the Swiss franc, the U.S. dollar faces moderate selling pressure, during which it was unable to break 0.9095 resistance and consequently retreated to find 0.9075 support. The U.S. dollar pullbacks toward 0.9050-0.9040 may be used for buying. Breaking the latter level will lead to a decline toward 0.9020-0.9000.
USD/CHF tested 0.9088
08.05.2024
After another pullback to 0.9060 support, the U.S. dollar rose to 0.9088 resistance against the Swiss franc. This level may see moderate selling pressure on the pair, and there could be another attempt to test the mentioned support. Breaking resistance will lead to a growth toward 0.9180-0.9130. There are still no objective reasons for selling the U.S. dollar against the Swiss franc.
USD/CHF tests 0.9064
07.05.2024
Weak U.S. employment data prompted a decline in the U.S. dollar against the Swiss franc to the 0.9007 level, where the U.S. dollar was bought and is currently trading at the 0.9064 level. It's still under pressure, and there's a chance it could drop to 0.9040-0.9020. However, the increased interest rate difference doesn't make it sensible to sell the USD/CHF pair. Breaking the current resistance will lead to a growth toward 0.9100.
USD/CHF dropped to 0.9100 support
03.05.2024
After retracting to 0.9170 resistance, selling of the U.S. dollar against the Swiss franc resumed, causing a breakout of 0.9150 support and a test of 0.9100 support.
The current decline increases the risks of its breakout and a drop toward 0.9080-0.9050, but it's not wise to ignore potential buys at these levels.
The current decline increases the risks of its breakout and a drop toward 0.9080-0.9050, but it's not wise to ignore potential buys at these levels.
USD/CHF retreated to 0.9150 support
02.05.2024
After testing 0.9220 resistance, the U.S. dollar came under selling pressure again, causing it to drop to 0.9150 support. During the decline, the dollar may be bought again, and bulls may test 0.9190 resistance. Losing support will lead to a decrease toward 0.9120-0.9100.
USD/CHF broke 0.9150 resistance and continued to rise
01.05.2024
Buying of the U.S. dollar against the Swiss franc from 91 support level propelled it back to 0.9150 resistance, but this time, bulls successfully broke it and are currently testing the 0.9193 level. Next, bulls may test 0.9320-0.9340 resistance levels. Losing 0.9170 support will lead to a decrease toward 0.9150-0.9140.
USD/CHF under moderate selling pressure
30.04.2024
In tandem with the Swiss franc, the U.S. dollar remained under pressure yesterday, as a result of which it failed to break 0.9130 resistance and after testing it, declined to 0.9090 support. A decline toward 0.9090-0.9070 can be used for buying. Breaking resistance will lead to a growth toward 0.9150-0.9160.
USD/CHF is still below 0.9150
29.04.2024
On Friday, the U.S. dollar came under selling pressure, causing it to fall to 0.9100 support, but with a strong U.S. Consumer Price Index (CPI), it returned to 0.9150 resistance. Bulls are currently unable to break it, but due to the interest rate differential, the franc remains vulnerable, and the U.S. dollar bulls may break resistance, leading to a growth toward 0.9170-0.9190. The loss of 0.9130 support will lead to a decline toward 0.9110-0.9100.
USD/CHF remains under pressure
26.04.2024
The U.S. dollar bulls once again failed to break 0.9150 resistance against the Swiss franc, leading to its decline to 0.9120 support. A decrease in the U.S. PCE index could contribute to its breakout and a decline of the U.S. dollar toward 0.9090-0.9070. Breaking resistance will lead to a growth toward 0.9180-0.9190.
USD/CHF continues to assault 0.9150 resistance
25.04.2024
The Swiss franc is under pressure from sales, against which the U.S. dollar, after a rollback to 0.9125 support, is re-testing 0.9150 resistance. As long as the EUR/CHF cross rate is growing, chances for a breakout of resistance and growth in the direction of 0.9170/80 will remain. The loss of 0.9130 support will lead to a decline toward 0.9100-0.9090.
USD/CHF trades unchanged
24.04.2024
The U.S. dollar bulls failed to break 0.9130 resistance against the Swiss franc, leading to a decline in the pair toward 0.9090 support. On the downside, demand remains and with it the upside potential toward 0.9130-0.9140. The loss of support would lead to a decline toward 0.9070-0.9050.
USD/CHF in a narrow range
23.04.2024
The U.S. dollar is enjoying moderate demand against the Swiss franc, which, however, is not enough to break 0.9120 resistance. Buying it back from 0.9110-0.9100 support indicates a growth toward 0.9140-0.9150. The loss of support will lead to a decline toward 0.9070.
USD/CHF bought on decline
22.04.2024
Israel's retaliatory strike against Iran sparked risk-off sentiment, leading to an uptick in demand for the Swiss franc, and the U.S. dollar tumbled to support at 0.9010 against it. Nonetheless, in the absence of an immediate response from Iran, the dollar managed to rebound to 0.9105, as the interest rate differential continues to negatively affect the dynamics of the franc.
USD/CHF bought on decline
19.04.2024
Breaking 91.00 support, the U.S. dollar continued to decline against the Swiss franc and tested support at 0.9085. As previously forecast, the dollar's decline continues to be used for buying, with bulls testing the 0.9125 level. They may retest resistance at 0.9140-0.9150. Breaking below the 91.00 level will increase the risk of breaking support at 0.9085 and declining toward 0.9060.
US dollar/Swiss franc is under pressure
18.04.2024
Under selling pressure, the U.S. dollar dipped toward 0.9100 support against the Swiss Franc and is now trading between this support and 0.9130 resistance. Despite the persistent pressure, the prospects for the pair remain constructive, and its decline can be used for purchases. The loss of the current support will lead to a decline toward 0.9070-0.9060. Breaking resistance will lead to a growth toward 0.9150.
US Dollar/Swiss franc is consolidating in a narrow range
17.04.2024
The U.S. dollar/Swiss franc pair is in the consolidating phase, trading between the support level of 0.9120-0.9110 and the resistance level of 0.9140. The prospects remain constructive; the bulls can break the support and the U.S. dollar will continue to grow toward 0.9170-0.9190, while the loss of the support level will lead to a decline toward 0.9090-0.9080.
Dollar/Franc sold off resistance again
16.04.2024
Another attempt of the USD bulls to break through the resistance near 0.9150 in the pair with the Swiss franc failed, which increases the risks of breaking through the support at 0.9125 and a decline towards 0.9100-0.9090. On the decline, the dollar may be bought out, and the break of resistance will lead to growth in the direction of 0.9170-0.9200.
The dollar/franc continues to test 0.9145
15.04.2024
The US dollar's pullback to support near 0.9105 was used to buy against the Swiss franc and another test of resistance near 0.9145, which continues to contain the bulls' onslaught. The outlook for the dollar remains constructive, but the decline in the euro/franc cross rate is having a moderating effect on the pair. Nevertheless, the probability of breaking the resistance and rising towards 0.9170-0.9190 remains high; a loss of the above support would lead to a decline towards 0.9080-0.9060.
Dollar/franc under pressure amid euro/ franc decline
12.04.2024
Despite the growth against many of its competitors, the US dollar was under selling pressure in the pair with the Swiss franc, against which the support around 0.9120 was broken and the level of 0.9075 was tested. Its decline is taking place against the backdrop of a falling Euro/Franc cross rate, so the decline can be used for buying and testing 0.9140-0.9160; loss of the current support will lead to a decline to 0.9060-0.9050 support.
Dollar/franc tested 0.9145
11.04.2024
For the Swiss franc, the US dollar was bought back from support at around 0.9025, thanks to the publication of data showing an acceleration in US inflation, and the bulls tested resistance at 0.9145. Now, pullbacks towards 0.9100-0.9090 can be used for buying; loss of this support will lead to a decline towards 0.9070-0.9060. Passage of resistance will lead to growth in the direction of 0.9160-0.9170.
Dollar/Franc under pressure
10.04.2024
In the pairing with the Swiss franc, the US dollar was under pressure again yesterday, as a result of which it declined to the support at 0.9015, but soon rose to the resistance at 0.9040. The outlook for the dollar remains constructive, the release of strong US inflation data may contribute to the growth to 0.9060-0.9080; on the weak, a decline to the support at 0.9000-0.8980 is possible.
The dollar/franc rises following the euro/franc
09.04.2024
The resumption of growth of the euro/franc cross rate contributed to some strengthening of the US dollar against the Swiss franc, which resulted in testing the resistance at 0.9065. Until the release of US inflation data, the pair may trade within a range bounded by resistance near 0.9090 and support at 0.9010/00. The outlook for the franc remains negative.
The dollar/franc continues to sell on attempts to resume growth
08.04.2024
For the Swiss franc, the US dollar was sold on the rise to resistance near 0.9060, causing it to decline to support near the psychological level of 0.9000. After the NBS interest rate cut, the outlook for the franc remains negative, and its growth can be used for selling, but in case of further decline in the euro/franc cross rate, the pair may decline to the support at 0.8980/70.
The dollar/franc is declining following the euro/franc
05.04.2024
Purchases of USD/CHF from the support near 0.9030 gave the bulls an opportunity to test the resistance at 0.9070, but here, the dollar was sold and is currently trading near the psychological level of 0.9000. The dollar/franc decline occurred in the background of the euro/franc cross rate fall, so the pair's decline may be short-lived, and the bulls can use it for their purchases. The loss of the current support will lead to a decline towards 0.8980-0.8970.
Dollar/Franc declines amid long liquidation
04.04.2024
The US dollar bulls again failed to break through the resistance at 0.9090 in the pair with the Swiss franc, which led to profit-taking on long positions and the dollar's decline to the support at 0.9030. On the decline towards 0.9000, the bulls may become more active, and the dollar may return to the resistance mentioned above; loss of the current support will lead to a decline to 0.9000.
Why is it important to know the USD/CHF price prediction?
USD/CHF price prediction may be interesting for many reasons. This pair is suitable for active trading due to its high liquidity. According to Traders Union research, 67% of successful traders prefer to trade majors, and USD/CHF is one of them.
The liquidity of the USD/CHF pair is supported by high investment attractiveness of the U.S. and Switzerland. In addition, the Swiss franc is often used in the Forex market as a safe haven currency to preserve equity during crises. After all, the Swiss economy has been considered the standard of reliability and stability for several centuries.
FAQ
1
What is the USD/CHF price prediction based on?
Traders Union analysts use various methods of technical analysis:
indicators, support and resistance levels, patterns, etc.
2
What is technical analysis in the Forex market?
Technical analysis is a method of predicting the price movement of a currency pair based on the patterns in the past. It is believed that traders act in the same way under the same circumstances, which is reflected in the price chart.
3
Can the USD/CHF price prediction be trusted?
There is always a high level of
volatility in the Forex market. Therefore, nobody can give you a 100% accurate forecast. However, Traders Union price predictions are rather accurate, as they are based on a combination of factors. Also, the analysts try to provide two versions of development of events: the basic and an alternative one.
4
What impacts Swiss franc price against the US dollar
The price of the Swiss franc against the US dollar depends on economic and speculative factors, such as:
- Policies of the Central banks of the U.S. and Switzerland;
- Dynamics of export-import transactions of the two countries;
- U.S. and Swiss inflation;
- General trends in the global financial markets and in the Forex market in particular.
- Policies of the Central banks of the U.S. and Switzerland;
- Dynamics of export-import transactions of the two countries;
- U.S. and Swiss inflation;
- General trends in the global financial markets and in the Forex market in particular.