Created
: 2025.06.06
2025.06.06 14:30
The USD/CHF pair extends its gains for the second successive session, trading around 0.8200 during the Asian hours on Friday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern.
The USD/CHF pair remains below the nine-day Exponential Moving Average (EMA), indicating short-term momentum is weaker. Moreover, the 14-day Relative Strength Index (RSI) remains below the 50 mark, suggesting a persistent bearish outlook.
On the downside, the USD/CHF pair could fall toward the lower boundary of the descending channel around 0.8140. A break below the channel could reinforce the bearish bias and put downward pressure on the pair to navigate the region around 0.8039, the lowest level since November 2011, which was last seen on April 21.
The USD/CHF pair may target the immediate barrier at the nine-day EMA of 0.8219. A break above this level could improve the short-term price momentum and support the pair to explore the area around the descending channel's upper boundary around 0.8300, followed by the 50-day EMA at 0.8365.
The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the weakest against the New Zealand Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.11% | 0.05% | 0.30% | -0.07% | 0.18% | -0.11% | 0.13% | |
EUR | -0.11% | -0.06% | 0.16% | -0.18% | 0.02% | -0.21% | 0.05% | |
GBP | -0.05% | 0.06% | 0.21% | -0.11% | 0.08% | -0.14% | 0.10% | |
JPY | -0.30% | -0.16% | -0.21% | -0.32% | -0.01% | -0.29% | -0.22% | |
CAD | 0.07% | 0.18% | 0.11% | 0.32% | 0.24% | -0.03% | 0.20% | |
AUD | -0.18% | -0.02% | -0.08% | 0.00% | -0.24% | -0.22% | 0.06% | |
NZD | 0.11% | 0.21% | 0.14% | 0.29% | 0.03% | 0.22% | 0.24% | |
CHF | -0.13% | -0.05% | -0.10% | 0.22% | -0.20% | -0.06% | -0.24% |
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
: 2025.06.06
Last updated
: 2025.06.06
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