• The Swiss franc continues its two-week rally vs. the greenback, surging almost 1.50% in two days.
  • A weaker US Dollar and a dismal mood increased appetite for the CHF, so the USD/CHF falls.
  • USD/CHF Price Forecast: After falling close to 500-pips, bulls find the 0.9550 as a solid demand zone to step in, capping the ongoing pullback.

The USD/CHF continues its free-fall, courtesy of a softer greenback amidst investors’ negative mood, which caused global equities to fall and the buck to lose the 102.000 mark. At the time of writing, the USD/CHF is trading at 0.9605, recording minimal gains of 0.13% as the Asian session begins.

On Tuesday, the market sentiment remained sour throughout the day. US equities finished with losses, except for the Dow Jones. The US Dollar Index, a gauge of the greenback’s value vs. a basket of peers, edged lower, recording a fresh four-week low at around 101.768, down so far in the week almost 1.30%.

USD/CHF Price Forecast: Technical outlook

Tuesday’s session left the USD/CHF trading above the 50-day moving average (DMA) at 0.9558. It’s worth noting that the confluence of Bollinger’s band lower band with the previously-mentioned moving average is a zone that could find some buyers stepping in as the greenback remains in an uptrend. Nevertheless, the two-week pullback weighed on the USD/CHF, which has fallen almost 500 pips from the YTD high at the parity; however, the RSI, albeit in bearish territory, begins to aim higher, meaning the major might consolidate before resuming upwards/downwards.

Upwards, the USD/CHF first resistance would be the 0.9700 mark. If USD/CHF bulls reclaim the aforementioned, a re-test of the 20-DMA at 0.9823 is on the cards, but firstly, a break above the 0.9800 mark is needed before extending the pair’s rally.

On the flip side, the USD/CHF first support would be 0.9600. Break below would expose the confluence of the 50-DMA and Bollinger’s band lower band around 0.9558. Once cleared, the next demand zone would be March 16, 0.9533 daily high.

Key Technical Levels


Today last price 0.9603
Today Daily Change -0.0055
Today Daily Change % -0.57
Today daily open 0.9659
Daily SMA20 0.9833
Daily SMA50 0.9553
Daily SMA100 0.9386
Daily SMA200 0.9299
Previous Daily High 0.9751
Previous Daily Low 0.9628
Previous Weekly High 1.0064
Previous Weekly Low 0.9694
Previous Monthly High 0.9759
Previous Monthly Low 0.9221
Daily Fibonacci 38.2% 0.9675
Daily Fibonacci 61.8% 0.9704
Daily Pivot Point S1 0.9607
Daily Pivot Point S2 0.9556
Daily Pivot Point S3 0.9484
Daily Pivot Point R1 0.9731
Daily Pivot Point R2 0.9803
Daily Pivot Point R3 0.9855



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.

Feed news Join Telegram

Recommended content

Recommended content

Editors’ Picks

EUR/USD rebounds, steadies above 1.0400

EUR/USD rebounds, steadies above 1.0400

EUR/USD has staged a rebound and reclaimed 1.0400 during the American trading hours on Friday with the US Dollar Index retreating from the multi-week high it set at above 105.60. Nevertheless, the pair remains on track to close the week in negative territory. 


GBP/USD climbs to 1.2050 area, looks to post weekly losses

GBP/USD climbs to 1.2050 area, looks to post weekly losses

GBP/USD reversed its direction and advanced to the 1.2050 area after having dropped to 1.1976 earlier in the day. The pair is still down more than 1% on the day with safe-haven flows dominating the financial markets following the disappointing PMI data from the US.


Gold rebounds above $1,800 as US yields fall sharply

Gold rebounds above $1,800 as US yields fall sharply

Gold has regained its traction and recovered above $1,800 after having slumped to a multi-month low below $1,790. Following the dismal PMI data from the US, the benchmark 10-year US Treasury bond yield is down more than 6% on the day, fueling XAU/USD's rebound.

Gold News

Why traders are rushing to exit positions on Cardano’s ADA price

Why traders are rushing to exit positions on Cardano’s ADA price

Cardano (ADA) price has had its performance review as the summer kicks off. ADA bulls are returning home with not-that-good a scorecard, and the underperformance could cut short holiday funding for the cryptocurrency.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!