Created
: 2025.02.04
2025.02.04 05:34
The USD/CHF trims some gains after reaching a three-week high of 0.9195. Risk appetite improves due to a delay in the US applying tariffs in Mexico, an indication that Washington is open to negotiating trade terms. At the time of writing, the pair trades at 0.9126, up 0.19%.
The USD/CHF is in a correction mode on an intraday basis, but the overall trend is upward, as depicted in the daily chart. However, bulls need to keep prices above 0.9100 on a daily basis so they can challenge the 0.9200 figure in the near term.
Momentum favors further upside, as depicted by the Relative Strength Index (RSI). Therefore, if USD/CHF advances past 0.9200, the following key resistance would be the April 2024 high at 0.9224 before challenging 0.9300.
Nevertheless, if sellers push the USD/CHF exchange rate below 0.9100, this could pave the way for a pullback towards the 50-day Simple Moving Average (SMA) at 0.8990. A breach of the latter will expose a November 2024 swing low of 0.8956.
The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the US Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.65% | -0.07% | -0.19% | -0.91% | 0.39% | -0.04% | -0.40% | |
EUR | -0.65% | -0.32% | 0.48% | -0.26% | 0.20% | 0.61% | 0.28% | |
GBP | 0.07% | 0.32% | -0.31% | 0.06% | 0.53% | 0.93% | 0.61% | |
JPY | 0.19% | -0.48% | 0.31% | -0.72% | 0.73% | 1.08% | 0.46% | |
CAD | 0.91% | 0.26% | -0.06% | 0.72% | 0.21% | 0.87% | 0.55% | |
AUD | -0.39% | -0.20% | -0.53% | -0.73% | -0.21% | 0.40% | 0.05% | |
NZD | 0.04% | -0.61% | -0.93% | -1.08% | -0.87% | -0.40% | -0.32% | |
CHF | 0.40% | -0.28% | -0.61% | -0.46% | -0.55% | -0.05% | 0.32% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).
Created
: 2025.02.04
Last updated
: 2025.02.04
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy