- USD/CHF gains 0.12% but remains under the 20- and 50-day SMA confluence at 0.8019/23, leaving sellers in control.
- RSI stays bearish yet flat, signaling possible short-term consolidation unless a breakout above 0.8000 or a drop below 0.7900 occurs.
- On the upside, targets stand at 0.8025 and the 100-day SMA at 0.8109; on the downside, risks extend to the yearly low at 0.7872.
USD/CHF climbed during the North American session but continues to consolidate within the 0.7950–0.8000 range ahead of next week’s Federal Reserve monetary policy meeting. The pair is trading at 0.7966, up 0.12%.
USD/CHF Price Forecast: Technical Outlook
The daily chart for USD/CHF suggests price action is leaning toward testing yearly lows. The pair remains capped below the confluence of the 20- and 50-day Simple Moving Averages (SMAs) at 0.8019/23, reinforcing sellers’ control.
The Relative Strength Index (RSI) is bearish but flat, signaling limited momentum and potential short-term indecision unless key support or resistance levels are broken.
On the upside, a move above 0.8000 would open the door toward 0.8025, with further resistance at the 100-day SMA at 0.8109. On the downside, a break below 0.7900 could pave the way for a retest of the yearly low at 0.7872.
USD/CHF Price Chart — Daily
