Fundamental Overview
The US Dollar this week has been erasing some of the losses experienced last week after the benign US PPI and the Trump’s reciprocal tariffs announcement. There hasn’t been any notable catalyst this week to support the greenback although some analysts pointed to less dovish comments from Fed’s Waller on Tuesday which would explain the rise in Treasury yields afterwards.
On the CHF side, the Swiss CPI last week came in line with expectations although the core measure increased. It didn’t change much for the SNB, but the market scaled back the expectations for potential negative rates.
USDCHF Technical Analysis – Daily Timeframe
On the daily chart, we can see that USDCHF bounced near the key 0.8960 support zone and pulled back into the broken trendline. The sellers will likely step in around these levels to position for a break below the support, while the buyers will want to see the price rising back above the trendline to start targeting the 0.92 handle next.
USDCHF Technical Analysis – 4 hour Timeframe
On the 4 hour chart, we can see that we have a minor upward trendline defining the pullback into the major trendline. The buyers will likely lean on it to position for new highs, while the sellers will look for a break lower to increase the bearish bets into the 0.8960 support zone.
USDCHF Technical Analysis – 1 hour Timeframe
On the 1 hour chart, we can see that the sellers stepped in around the most recent lower high to position for the pullback into the minor upward trendline. There’s not much else we can add here as the buyers will look for a bounce, while the sellers will look for a break. The red lines define the average daily range for today.
Upcoming Catalysts
Today we get the latest US Jobless Claims figures, while tomorrow we conclude the week with the US Flash PMIs.
This article was written by Giuseppe Dellamotta at www.forexlive.com.Hence then, the article about usdchf technical analysis some days of relief for the greenback was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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