- USD/CHF rises from a two -month decrease but is struggling to violate the 0.83 key resistance.
- The Federal Reserve minutes highlight the increasing risks, prompting traders to the price at 45 basis points of price discounts.
- RSI turns higher hints when poor pressure is weak. The main support is 0.8200 and 0.8184.
Usd/CHF stops its progress after publishing consecutive days of gains that prompted the husband to the highest weekly level of 0.8290; However, buyers remain responsible, although the specialization is close to the opening price at 0.8270.
The issuance of the last federal reserve records showed that officials agreed that the high economic uncertainty was sufficient to adopt a cautious position regarding future amendments to the FBI’s rate of funds and admitted that the risk of stagnation increased.
After announcing the minutes, the financial markets recorded 45 basis points (BPS) of mitigation by the Federal Reserve.
US dollar price expectations/CHF: Technical expectations
The USD/ChF remains bias down despite the registration of the husband’s lifting leg from about two months from a decrease of 0.8184 to 0.83 marks.
The momentum, as measured by the RSI Index (RSI), indicates that the pair remains declining, but the RSI that aims steadily can indicate that the bears lose the steam.
Looking at the background, the first resistance USD/CHF will be 0.83. Once it exceeds, the next station will be the May 1 height at 0.8332, followed by the simple moving average for 50 days (SMA) at 0.8399. At more strength, the next roof level will be the monthly peak (MTD) of 0.8475.
On the contrary, the CHF’s weakness can pay the immediate price to 0.8200 and under the lowest monthly level of 0.8184.
US dollar price scheme/CHF – daily
Swiss franc price this week
The table below shows the percentage of change in the Swiss franc (CHF) against the main currencies listed this week. The Swiss franc was the strongest against the Japanese yen.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | 0.69 % | 0.46 % | 1.68 % | 0.71 % | 1.02 % | 0.46 % | 0.82 % | |
| euro | -69 % | -0.22 % | 1.01 % | 0.02 % | 0.33 % | -0.22 % | 0.11 % | |
| GBP | -0.46 % | 0.22 % | 0.94 % | 0.24 % | 0.55 % | 0.00 % | 0.35 % | |
| JPY | -1.68 % | -1.01 % | -0.94 % | -0.95 % | -67 % | -1.23 % | -0.85 % | |
| CAD | -0.71 % | -02 % | -0.24 % | 0.95 % | 0.32 % | -0.24 % | 0.09 % | |
| Aud | -1.02 % | -0.33 % | -0.55 % | 0.67 % | -0.32 % | -59 % | -0.20 % | |
| Nzd | -0.46 % | 0.22 % | 0.00 % | 1.23 % | 0.24 % | 0.59 % | 0.35 % | |
| Chf | -0.82 % | -11 % | -0.35 % | 0.85 % | -0.09 % | 0.20 % | -0.35 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the Swiss franc from the left column and move along the horizontal line to the US dollar, the percentage changed in the CHF box (base) (quotation) will represent.
