USD/CHF Price Forecast: Gains ground near 0.8200

USD/CHF finds cushion near 0.8200, as Trump’s tariff uncertainty keeps the pair on the backfoot.
Federal Appeals court lifts Trump’s tariff ban temporarily.
The US core PCE inflation rose at a slower pace of 2.5% YoY, as expected.

Sagar Dua FXStreet

The USD/CHF pair attracted bids after revisiting a near five-week low around 0.8185 during North American trading hours on Friday. The Swiss Franc (CHF) pair gains ground temporarily as the US Dollar (USD) strives to hold its immediate low, with investors remaining uncertain over the status of United States (US) President Donald Trump’s tariff policy.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, recovers moderately to near 99.60 after a sharp downside move the previous day.

On Thursday, a federal appeals court issued a temporary stay on the International Trade Court’s ruling against Trump’s tariffs on the administration’s appeal. The US lower court accused Donald Trump on Wednesday of abusing the “national emergency” law to fulfill his tariff agenda.

During North American trading hours, the US Personal Consumption Expenditure Price Index (PCE) data for April indicated that inflationary pressures have cooled down. The US core PCE inflation, the Federal Reserve’s (Fed) preferred inflation gauge, has grown moderately by 2.5% on year, as expected, compared to the prior release of 2.7%.

USD/CHF retreats after facing selling pressure above the 20-day Exponential Moving Average (EMA), which is trading around 0.8300.

The 14-day Relative Strength Index (RSI) is attempting to hold above 40.00. A fresh bearish momentum could activate if the RSI falls below that level.

The pair could slide towards the April 11 low of 0.8100 and the April 21 low of 0.8040 if it skids below the May 7 low of 0.8186.

On the contrary, a recovery move in the pair above the psychological level of 0.8500 will open the door for more upside towards the April 10 high of 0.8580 and the April 8 high of 0.8611.

USD/CHF daily chart

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

EUR/USD stays well offered below 1.1800

The selling pressure on EUR/USD is picking up pace, with the pair slipping decisively below the key 1.1800 level and sliding to fresh two week lows as Wednesday’s session draws to a close. The move lower comes as the US Dollar finds renewed strength after the latest round of US data and the release of the FOMC Minutes. Next of note on the docket will be the US weekly Initial Jobless Claims.

GBP/USD reaches multi-day lows near 1.3500

GBP/USD reverses its initial upside momentum and is now adding to previous declines, approaching the 1.3500 region on Wednesday. Cable’s downtick comes on the back of decent gains in the Greenback and easing UK inflation figures, which seem to have reinforced the case for a BoE rate cut in March.

Gold battle to regain $5,000 continues

Gold is back on the front foot on Wednesday, shaking off part of the early week softness and challenging two-day highs near the $5,000 mark per troy ounce. The move comes ahead of the FOMC Minutes and is unfolding despite an intense rebound in the US Dollar.

Bitcoin has found or is near a bottom, extended consolidation to follow: K33

Bitcoin (BTC) is nearing or has already established a bottom, which could be followed by a sustained period of slow price movement, according to K33.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.