Shooting star warns bulls below 0.8200

Ledger
Ledger


The USD/CHF pair extends its gains for the seventh straight trading session on Monday, up a minimal 0.05% after registering a six-week high of 0.8195, shy of cracking 0.8200, but ultimately poised to end the session at around 0.8169.

USD/CHF Price Forecast: Technical Outlook

The overall trend is up, but a looming shooting star could trigger a short-term pullback in USD/CHF. The Relative Strength Index (RSI) indicates bullish momentum and is trending higher. So even though the market structure could point lower, it could be a short-lived leg down before the uptrend resumes.

If bullish momentum resumes, USD/CHF may re-test the 0.8200 figure. A decisive breakout can drive spot prices past the yearly high of 0.8207, with June 19, 2025, seen as the next resistance area at 0.8215, ahead of the June 4, 2025, high at 0.8250. On further strength, the next level is 0.8300.

For a bearish reversal, the USD/CHF pair needs to drop below the September 11 swing low of 0.8124, followed by the 50-day SMA at 0.8098. Once cleared, the next area of interest becomes the September 3 low of 0.8052.

Binance

USD/CHF Chart – Daily

USD/CHF daily chart

Swiss Franc Price Today

The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.43% 0.18% 0.56% 0.23% 0.44% 0.62% 0.17%
EUR -0.43% -0.22% 0.07% -0.23% 0.00% 0.20% -0.26%
GBP -0.18% 0.22% 0.31% 0.02% 0.23% 0.42% -0.10%
JPY -0.56% -0.07% -0.31% -0.32% -0.09% 0.08% -0.41%
CAD -0.23% 0.23% -0.02% 0.32% 0.20% 0.38% -0.11%
AUD -0.44% -0.00% -0.23% 0.09% -0.20% 0.19% -0.34%
NZD -0.62% -0.20% -0.42% -0.08% -0.38% -0.19% -0.53%
CHF -0.17% 0.26% 0.10% 0.41% 0.11% 0.34% 0.53%

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).



Source link

BTCC

Be the first to comment

Leave a Reply

Your email address will not be published.


*