|

USD/CHF Price Forecast: US Dollar eyes 0.8000 as inverse head-and-shoulders breakout holds

  • USD/CHF holds bullish bias after inverse head-and-shoulders neckline break.
  • RSI flattens near 65, signaling buyers retain upside momentum.
  • Break above 0.8000 exposes 0.8050 and 0.8100 resistance.

The USD/CHF pair advances some 0.11% on Tuesday, trading near nine-week highs of 0.7991 as risk aversion boosted the Greenback, which has trimmed earlier losses to challenge the 0.8000 figure.

USD/CHF Price Forecast: Technical outlook

Price action shows USD/CHF is bullish-biased after an ‘inverse head-and-shoulders’ was confirmed by a break of the neckline, which opened the door for further gains.

Momentum is also bullish, as shown by the Relative Strength Index (RSI), which turned flattish near the 65 level, suggesting that buyers are gathering momentum.

If USD/CHF climbs above 0.8000, the next stop would be the ‘inverse head-and-shoulders’ measured objective near the 0.8040-0.8050 area. A breach of the latter will expose the 0.8100 mark ahead of testing the November 5, 2025 swing high at 0.8124. Once those levels are hurdled, 0.8200 is up next.

Downwards, the first support is the June 5 daily high at 0.7968. Below this level lies 0.7950 ahead of the 200-day Simple Moving Average (SMA) at 0.7907.

USD/CHF Price 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 Australian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.09%-0.31%0.13%-0.05%0.21%-0.12%0.05%
EUR0.09%-0.20%0.22%0.03%0.35%0.00%0.17%
GBP0.31%0.20%0.43%0.25%0.52%0.21%0.37%
JPY-0.13%-0.22%-0.43%-0.17%0.09%-0.22%-0.06%
CAD0.05%-0.03%-0.25%0.17%0.27%-0.04%0.12%
AUD-0.21%-0.35%-0.52%-0.09%-0.27%-0.31%-0.16%
NZD0.12%-0.01%-0.21%0.22%0.04%0.31%0.15%
CHF-0.05%-0.17%-0.37%0.06%-0.12%0.16%-0.15%

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

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

More from Christian Borjon Valencia
Share:

Editor's Picks

AUD/USD meets support near 0.7000

AUD/USD fades Monday’s optimism and trades with decent losses in the low 0.7000s ahead of the opening bell in Asia. Indeed, spot fails to capitalise on the offered stance of the Greenback and the relatively easing tensions in the Middle East on Tuesday. In the meantime, the AUD is expected to follow the release of housing data in Oz and Chinese inflation figures, all due on Wednesday.

Japanese Yen steadies near recent lows as ceasefire, Japan intervention threats offset

USD/JPY trades around 160.15 on Tuesday, remaining close to its highest level since April 30 despite a broadly neutral intraday performance. The pair retains an underlying bullish bias, supported by expectations that US monetary policy will remain restrictive, although upside potential is being capped by the risk of intervention from Japanese authorities.

Gold dives to fresh two-month lows, aims to challenge $4,000

The selling pressure now gathers extra pace and sends Gold to new three-month lows near $4,230 per troy punce on Tuesday. That said, the yellow metal resumes its decline on the back of a recovery attempt in the US Dollar and the likelihood of a tighter-for-longer Fed this year.

Zcash Price Forecast: ZEC extends gains, targets $500 as retail demand and momentum strengthen
Zcash (ZEC) gains momentum and trades near $470 at the time of writing on Tuesday, shrugging off a broader risk-off mood primarily driven by geopolitical tensions in the Middle East and macroeconomic uncertainty. Retail activity remains relatively elevated, as reflected in the derivatives market.
Hotter US inflation numbers could further bolster Fed hike bets

Middle East tensions keep inflation risks elevated. Fed hike fully priced in by year end amid strong NFP report. US CPI data on Wednesday (12:30 GMT) to enter the spotlight. Further acceleration in inflation could drive the Dollar higher.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.