USD/CHF Price Forecast: US Dollar climbs past 0.7900, eyes on 200-day SMA

USD/CHF rebounds from 100-day SMA, extending gains for a second day.
RSI above 50 signals bullish momentum building toward overbought territory.
Break above 0.8000 exposes YTD high and 0.8124 resistance.

Christian Borjon Valencia FXStreet

The USD/CHF pair advances for the second consecutive day on Wednesday, up by nearly 0.45% after bouncing off the 100-day Simple Moving Average (SMA), slightly above the 0.7900 figure. At the time of writing, the pair trades at 0.7915 as the US Dollar (USD) remains boosted by geopolitical uncertainty.

USD/CHF Price Forecast: Technical outlook

Recently, USD/CHF has been trading sideways due to the lack of a clear catalyst amid the Middle East war. Still, over the last two days, buyers have been pressing towards clearing the 200-day Simple Moving Average (SMA) at 0.7946, a key resistance level on the buyers’ path towards 0.8000.

Momentum confirms that bulls are in charge, as the Relative Strength Index (RSI) is above its 50-neutral level and heading towards overbought territory.

With that said, USD/CHF needs to surpass the key resistance level at 0.7946. If buyers reclaim 0.8000, it opens the door to challenging the year-to-date (YTD) high of 0.8040. Once surpassed, the next stop would be the November 5 swing high at 0.8124.

USD/CHF Price Chart — Daily

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 Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.40%	0.35%	0.48%	0.35%	0.69%	0.48%	0.47%
EUR	-0.40%		-0.05%	0.09%	-0.03%	0.29%	0.10%	0.06%
GBP	-0.35%	0.05%		0.13%	-0.00%	0.33%	0.16%	0.11%
JPY	-0.48%	-0.09%	-0.13%		-0.13%	0.20%	0.03%	-0.02%
CAD	-0.35%	0.03%	0.00%	0.13%		0.34%	0.17%	0.12%
AUD	-0.69%	-0.29%	-0.33%	-0.20%	-0.34%		-0.18%	-0.22%
NZD	-0.48%	-0.10%	-0.16%	-0.03%	-0.17%	0.18%		-0.04%
CHF	-0.47%	-0.06%	-0.11%	0.02%	-0.12%	0.22%	0.04%

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).

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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