Created
: 2025.05.06
- 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: Slips below 0.8250 as bullish harami hits at rebound potential
World FX news
Breaking news
USD/CHF Price Forecast: Slips below 0.8250 as bullish harami hits at rebound potential
New
2025.05.06 05:57
2025.05.06 05:57
2025.05.06 05:57
- USD/CHF forms bullish harami near 0.8200 support, signaling possible upside correction.
- Resistance levels to watch: 0.8250, 0.8300, and May highs at 0.8317 and 0.8332.
- A daily close below 0.8200 may open the door to YTD lows below 0.8100 and 0.8038.
The USD/CHF extended its losses for the second straight day, and it is down over 0.46%, trading at 0.8221. Although the pair is in a downtrend, failure to clear the previous support seen at 0.8204 it is forming a 'bullish harami' two-candle chart pattern, suggesting that the major could test the May 2 high of 0.8317 key resistance level.
USD/CHF Price Forecast: Technical outlook
Given the backdrop, the USD/CHF's first resistance would be 0.8250 ahead of 0.8300. If surpassed, 0.8317 and the May 1 high at 0.8332 would follow.
On the other hand, sellers achieving a daily close below 0.8200 could push the USD/CHF to a new year-to-date (YTD) low below 0.8100 and also under the April 21 daily low of 0.8038.
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
: 2025.05.06
Related articles
Gold rebounds as US Dollar retreats while court strikes down Trump's tariffs
6 minutes agoUSD/JPY: Resistance at 147.50 is unlikely to come under threat - UOB Group
16 minutes agoNZD/USD: Expected to continue to trade sideways - UOB Group
18 minutes agoAUD/USD: Chance to edge below 0.6400 - UOB Group
20 minutes agoCHF: Swiss franc stays surprisingly bid - ING
27 minutes agoNZD/USD: Bias to buy dips - OCBC
43 minutes ago
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
Gold rebounds as US Dollar retreats while court strikes down Trump's tariffs
Gold price (XAU/USD) claws back the majority of its initial losses in Thursday's European trading session, recovers to near $3,300 from the weekly low of $3,245 posted earlier in the day.
New
2025.05.29 19:58USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 - UOB Group
Increase in momentum is likely to lead to US Dollar (USD) advance, potentially to 7.2130. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.29 19:53USD/JPY: Resistance at 147.50 is unlikely to come under threat - UOB Group
US Dollar (USD) is expected to strengthen; the significant resistance at 147.50 is unlikely to come under threat. In the longer run, price action suggests further USD upside; too early to tell whether 147.50 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.29 19:48NZD/USD: Expected to continue to trade sideways - UOB Group
New Zealand Dollar (NZD) is expected to continue to trade sideways, most likely in a range of 0.5925/0.5975. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.29 19:46AUD/USD: Chance to edge below 0.6400 - UOB Group
Australian Dollar (AUD) could edge below 0.6400 against US Dollar (USD); the next support at 0.6380 is unlikely to come under threat. In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.05.29 19:44CHF: Swiss franc stays surprisingly bid - ING
One might have expected EUR/CHF to trade a little higher on this tariff ruling and the decent rally in equity markets, ING's FX analyst Chris Turner notes.
New
2025.05.29 19:37NZD/USD: Bias to buy dips - OCBC
The Reserve Bank of New Zealand (RBNZ) cut the OCR by 25bps to 3.25%, aligning with market expectations. However, the tone of the meeting suggests a shift away from a dovish stance.
New
2025.05.29 19:21GBP: Sterling performs well - ING
It's interesting to see EUR/GBP still trading quite softly despite some better news on global trade, ING's FX analyst Chris Turner notes.
New
2025.05.29 19:16GBP/USD: Expected to trade with a downward bias toward 1.3395 - UOB Group
Pound Sterling (GBP) is expected to trade with a downward bias toward 1.3395 vs US Dollar (USD); a sustained break below this level seems unlikely.
New
2025.05.29 19:12USD: Trade wars can be messy - ING
FX markets should focus on two themes today: the US Court of International Trade ruling that the majority of President Trump's tariffs are illegal, and insights from the minutes of the 7 May FOMC meeting, which suggest that dollar selling in April was driven by hedging rather than outright sales of
New
2025.05.29 19:06Disclaimer:
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
