USD/CHF Price Forecast: RSI turns bullish as 0.8300 comes into view
- USD/CHF reclaims 50-day SMA at 0.8227, extending its recovery.
- RSI crosses above neutral, reinforcing bullish momentum near 0.8250.
- Daily close above 0.8250 exposes 0.8300, followed by 0.8382.
The USD/CHF climbed on Tuesday during the North American session, up 0.74%, as hawkish comments by Federal Reserve (Fed) officials and a high US inflation report bolstered the US Dollar amid growing expectations of a Fed rate hike in December.
USD/CHF Price Forecast: Technical outlook
After falling to a nearly two-month low of 0.8127, the USD/CHF has recovered some ground. As of writing, the pair has cleared the 50-day Simple Moving Average (SMA) at 0.8227 and reached a high of 0.8270, but has retreated towards 0.8250, a nearly seven-day high.
The Relative Strength Index (RSI) cleared its 50-neutral level, as buyers gain momentum. This, along with a daily close above 0.8250, could cement the case for a recovery towards the 0.8300 level. Above this level, the next area of interest would be the year-to-date high of 0.8382, reached on October 1.
On the downside, the first support for USD/CHF is the 50-day SMA. Once cleared, the next stop is the low of the day at 0.8174, followed by the 100-day SMA at 0.8164. Below is the 0.8100 figure, ahead of the 200-day SMA lying at 0.8009.
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 | 0.53% | 0.73% | 0.57% | 0.48% | 0.90% | 0.54% | 0.72% | |
| EUR | -0.53% | 0.19% | 0.04% | -0.04% | 0.37% | 0.02% | 0.22% | |
| GBP | -0.73% | -0.19% | -0.17% | -0.23% | 0.17% | -0.19% | 0.00% | |
| JPY | -0.57% | -0.04% | 0.17% | -0.08% | 0.32% | -0.02% | 0.16% | |
| CAD | -0.48% | 0.04% | 0.23% | 0.08% | 0.40% | 0.05% | 0.24% | |
| AUD | -0.90% | -0.37% | -0.17% | -0.32% | -0.40% | -0.36% | -0.16% | |
| NZD | -0.54% | -0.02% | 0.19% | 0.02% | -0.05% | 0.36% | 0.18% | |
| CHF | -0.72% | -0.22% | -0.01% | -0.16% | -0.24% | 0.16% | -0.18% |
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.
