USD/CHF Price Analysis: Buyers reclaim the 50-DMA, eyeing a break of 0.9800 towards parity

  • During the week, the Swiss franc is still under heavy pressure, losing more than 2%.
  • Broad US dollar strength across the board underpins the USD/CHF.
  • USD/CHF Price Analysis: The pave towards parity is clear, but 0.9800 and 0.9975 are still on the way for USD/CHF buyers; otherwise, a re-test of 0.9700 is on the cards.

The USD/CHF marches firmly for the sixth straight day, trading near weekly highs around 0.9790s, after falling from around YTD highs at parity, though since then, the major is up by almost 300 pips, though shy of reaching 0.9800. At the time of writing, the USD/CHF is trading at 0.9785.

Sentiment shifted for the worse in the last hour or so for no fundamental reason. However, traders should not tat US President Biden was due to meet with advisers on China’s tariffs late on Friday, though it remains unclear if he would make a decision or not, according to Reuters sources. Meanwhile, US equities trade in negative territory, and the greenback shifted positive, as shown by the US Dollar Index up 0.01%, at 107.044.

Aside from this, the USD/CHF began Friday’s session trading around 0.9730s and dipped toward the daily low around 0.9720 before rallying to the daily high at 0.9797.

USD/CHF Daily chart

The USD/CHF broke above the 50-day moving average (DMA), clearing the way for a re-test of parity. However, April’s 2020 high around 0.9802 has been a tough nut to crack, but once done, a rally towards USD/CHF’s parity is on the cards. Nevertheless, on its way north, the USD/CHF traders must overcome the May 10  high at 0.9975.

Otherwise, the major would be vulnerable to selling pressure, and a fall towards the 50-DMA at 0.9735 is on the cards, and then the USD/CHF could slip to the 0.9700 figure.

USD/CHF Key Technical Levels


Today last price 0.9785
Today Daily Change 0.0047
Today Daily Change % 0.48
Today daily open 0.9735
Daily SMA20 0.9695
Daily SMA50 0.9739
Daily SMA100 0.954
Daily SMA200 0.9377
Previous Daily High 0.9749
Previous Daily Low 0.9682
Previous Weekly High 0.9642
Previous Weekly Low 0.9495
Previous Monthly High 1.005
Previous Monthly Low 0.9495
Daily Fibonacci 38.2% 0.9723
Daily Fibonacci 61.8% 0.9707
Daily Pivot Point S1 0.9695
Daily Pivot Point S2 0.9655
Daily Pivot Point S3 0.9628
Daily Pivot Point R1 0.9762
Daily Pivot Point R2 0.9789
Daily Pivot Point R3 0.9829



Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content

Recommended content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.


GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.


Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more