Created
: 2025.03.07
2025.03.07 07:13
The Swiss Franc (CHF) posted solid gains versus the Greenback (USD) on Thursday, despite mixed data showing that the US economy continues to deteriorate. The USD/CHF trades at 0.8835, down over 0.79% late during the North American session.
The USD/CHF has been extending its decline below 0.9000 since Monday and fell to a yearly low of 0.8824, shy of testing the 200-day Simple Moving Average (SMA) at 0.8818, which, if cleared, could've opened the way to testing 0.8800.
The Relative Strength Index (RSI) shows that bears gather momentum, remaining with enough room before turning oversold. Therefore, if USD/CHF clears the 200-day SMA, further downside lies ahead.
A breach of the 0.8800 mark will expose the December low of 0.8738. On the other hand, if USD/CHF rises above 0.8900, buyers could regain some composure and test the next key resistance at 0.8924, the 100-day SMA, followed by the 0.9000 mark.
The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the Japanese Yen.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.00% | -0.02% | 0.13% | -0.08% | -0.01% | 0.04% | 0.05% | |
EUR | 0.00% | -0.02% | 0.16% | -0.08% | -0.01% | 0.05% | 0.04% | |
GBP | 0.02% | 0.02% | 0.17% | -0.06% | 0.01% | 0.06% | 0.09% | |
JPY | -0.13% | -0.16% | -0.17% | -0.22% | -0.15% | -0.11% | -0.07% | |
CAD | 0.08% | 0.08% | 0.06% | 0.22% | 0.07% | 0.12% | 0.16% | |
AUD | 0.00% | 0.00% | -0.01% | 0.15% | -0.07% | 0.05% | 0.09% | |
NZD | -0.04% | -0.05% | -0.06% | 0.11% | -0.12% | -0.05% | 0.04% | |
CHF | -0.05% | -0.04% | -0.09% | 0.07% | -0.16% | -0.09% | -0.04% |
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
: 2025.03.07
Last updated
: 2025.03.07
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