Created
: 2025.05.27
2025.05.27 05:37
USD/CHF clings to minimal gains of 0.03% on Monday amid the lack of trading activity due to US markets being closed for the Memorial Day holiday. However, on Sunday, US President Trump's comments boosted the Greenback after he postponed tariffs on the European Union. At the time of writing, the major pair trades at 0.8207.
The downtrend is set to continue even though the USD/CHF fall paused due to subdued trading on Monday. Despite this, the pair tumbled to a new three-week low of 0.8191, and if a daily close below 0.8200 is achieved, expect further downside.
The Relative Strength Index (RSI) suggests that further downside is expected as the RSI falls and widens the distance from its neutral line, indicating that sellers are gathering steam.
That said, USD/CHF next support would be May 7 low of 0.8184. Once surpassed, the next line of defense will be the 0.81 figure, followed by the year-to-date (YTD) low of 0.8038.
Conversely, if USD/CHF climbs past 0.8250, this will exert upward pressure on the pair. Buyer's next goal will be the 0.8300 mark. Moving above the latter will expose the 50-day Simple Moving Average (SMA) at 0.8419.
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 | -0.17% | -0.26% | 0.21% | 0.03% | 0.08% | -0.22% | -0.02% | |
EUR | 0.17% | -0.09% | 0.42% | 0.19% | 0.24% | -0.05% | 0.16% | |
GBP | 0.26% | 0.09% | 0.17% | 0.28% | 0.33% | 0.05% | 0.27% | |
JPY | -0.21% | -0.42% | -0.17% | -0.19% | -0.16% | -0.49% | -0.24% | |
CAD | -0.03% | -0.19% | -0.28% | 0.19% | 0.07% | -0.23% | -0.01% | |
AUD | -0.08% | -0.24% | -0.33% | 0.16% | -0.07% | -0.33% | -0.06% | |
NZD | 0.22% | 0.05% | -0.05% | 0.49% | 0.23% | 0.33% | 0.22% | |
CHF | 0.02% | -0.16% | -0.27% | 0.24% | 0.01% | 0.06% | -0.22% |
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
: 2025.05.27
Last updated
: 2025.05.27
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