Created
: 2025.03.13
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/CHF Price Forecast: Clings to 0.8800 as bulls eye 200-day SMA
World FX news
Breaking news
USD/CHF Price Forecast: Clings to 0.8800 as bulls eye 200-day SMA
New
2025.03.13 08:10
2025.03.13 08:10
2025.03.13 08:10
- USD/CHF stabilizes at 0.8810 for second straight day, hugs critical 200-day SMA after rebound from yearly lows.
- Technical downtrend persists; recent lower highs and lower lows suggest bears maintain control but momentum slows.
- Break below 0.8800 could trigger deeper declines toward cycle lows; upside break opens door to 0.8850, then potentially 0.9000.
The USD/CJF holds firm around the 0.8810 mark for the second consecutive day and clings to the 200-day Simple Moving Average (SMA) at 0.8813 after bouncing off yearly lows of 0.8757. At the time of writing, the pair trades at 0.8814, virtually unchanged, as Thursday's Asian session begins.
USD/CHF Price Forecast: Technical outlook
USD/CHF is in an ongoing downtrend after dropping below key dynamic support levels like the 100 and 200-day SMAs. In addition, the pair carved successive series of lower highs and lower lows, indicating that sellers might be in charge. Nevertheless, the fall halted shy of clearing the latest cycle low of 0.8726, the December 6 low.
The Relative Strength Index (RSI) began to rise on Monday but shifted flat during the session. Therefore, USD/CHF might remain sideways, awaiting a fresh catalyst.
If USD/CHF clears the 200-day SMA, this paves the way to challenge 0.8800, ahead of the latest cycle low. Otherwise, if buyers reclaim the 200-day SMA, look for a test of the 0.8850 area before rallying to the 0.9000 mark.
USD/CHF Price Chart - Daily
Swiss Franc FAQs
The Swiss Franc (CHF) is Switzerland's official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country's economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc's value, causing a turmoil in markets. Even though the peg isn't in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country's currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year - once every quarter, less than other major central banks - to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc's (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank's currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland's main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
Last updated
: 2025.03.13
Related articles
GBP/USD maintains position above 1.2950 near four-month highs
33 minutes agoBoJ's Ueda: Underlying inflation is still somewhat below 2%
53 minutes agoSilver Price Forecast: XAG/USD rises to near five-month highs, $33.50 level
2025.03.13 11:54Japanese Yen edges higher against USD, drags USD/JPY closer to 148.00 mark
2025.03.13 11:40USD/INR recovers ahead of US PPI release
2025.03.13 11:36Japan's Kato: Still not in a state where we can permanently call end to deflation
2025.03.13 11:27
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.
Was this article helpful?
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].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP/USD maintains position above 1.2950 near four-month highs
GBP/USD attempts to extend its gains for the third successive day, trading around 1.2960 during the Asian session on Thursday.
New
2025.03.13 12:48BoJ's Ueda: Underlying inflation is still somewhat below 2%
Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the "underlying inflation is still somewhat below 2%." Additional takeaways Expect underlying inflation to gradually accelerate as economy continues to recover.
New
2025.03.13 12:28Silver Price Forecast: XAG/USD rises to near five-month highs, $33.50 level
Silver price (XAG/USD) continues its upward momentum for the third consecutive session, hovering around $33.30 per troy ounce during Asian trading hours on Thursday.
New
2025.03.13 11:54Japanese Yen edges higher against USD, drags USD/JPY closer to 148.00 mark
The Japanese Yen (JPY) edged higher against its American counterpart during the Asian session on Thursday and moves away from the weekly low touched the previous day.
New
2025.03.13 11:40USD/INR recovers ahead of US PPI release
The Indian Rupee (INR) trades with mild losses on Thursday.
New
2025.03.13 11:36Japan's Kato: Still not in a state where we can permanently call end to deflation
Japanese Finance Minister Shunichi Kato said on Thursday that "Japan is still not in a state where we can permanently call an end to deflation." Additional quotes Japan's economy in state of experiencing supply shortage, rather than lack of demand.
New
2025.03.13 11:27Australian Dollar holds gains despite softer Consumer Inflation Expectations
The Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) for the third consecutive session, despite weaker Consumer Inflation Expectations data released on Thursday.
New
2025.03.13 10:46PBOC sets USD/CNY reference rate at 7.1728 vs. 7.1696 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1728 as compared to the previous day's fix of 7.1696.
New
2025.03.13 10:15NZD/USD extends its upside to near 0.5750, eyes on US PPI release
The NZD/USD pair extends its upside to around 0.5740 during the early Asian session on Thursday, bolstered by the weaker US Dollar (USD).
New
2025.03.13 10:05WTI edges higher to near $67.50 on tighter US supplies
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $67.40 during the early Asian session on Thursday.
New
2025.03.13 09:07Disclaimer:
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
