USD/CHF Price Forecast: Bulls eye 0.8200 as rally extends
The USD/CHF extends its advance for the sixth straight trading session, up 0.11%, as the Greenback holds firm against a basket of six currencies, the US Dollar Index (DXY). At the time of writing, the pair trades at 0.8190, with buyers targeting 0.8200.
USD/CHF Price Forecast: Technical outlook
The Swiss Franc is set to continue to weaken, both technically and fundamentally. Bloomberg, citing sources, reported that the Swiss National Bank (SNB) is expected to keep rates near zero until the end of 2027.
Given the backdrop, the USD/CHF path of least resistance is upwards, and it will face key resistance levels at 0.8200, followed by the June 19, 2025, peak at 0.8215. A breach of the latter will expose the June 4, 2025, peak at 0.8250, followed by the 0.8300 milestone.
Conversely, if sellers push USD/CHF below 0.8150, it could exacerbate a move lower. The first-floor level would be 0.8100. A decisive break exposes the July 15 cycle low of 0.8034, ahead of the 50/day Simple Moving Average (SMA) at 0.8012.
USD/CHF Price Chart – Daily
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PNC Bank Launches USDC Payment Acceptance for Corporate Clients
British Pound tumbles below 1.33 post hot US CPI, Fed hawkish rhetoric
Morgan Stanley warns: old storage prices are peaking, supply and demand may turn relaxed by 2028
Morgan Stanley pointed out that after the U.S. midterm elections, it is expected that about 20% of the new data center capacity in the United States originally planned for 2028 will be postponed to 2029. This may cause a "gap" in the supply chain in 2028, resulting in the risk of excess inventory of legacy storage. Legacy storage is less bound by long-term fixed price contracts, so a narrowing supply-demand gap could lead to significant price fluctuations. The above analysis refers only to legacy storage, including DDR3/4, SLC/MLC NAND, and NOR flash.
Crypto prices
More
