USD/CHF Price Prediction: Up leg almost reaches target and range high

USD/CHF is rising within a range-bound market.
It has almost reached its target close to the top of the range high.

Joaquin Monfort FXStreet

USD/CHF extends its gains as it unfolds an up leg within a range-bound market.

The move is underway and likely to reach the 0.8517 resistance level formed by multiple recent highs. A really bullish move could even see the pair reach the 0.8539 ceiling of the range.

USD/CHF 4-hour Chart

USD/CHF is in a sideways trend. Given the principle in technical analysis that “the trend is your friend” the odds favor an extension of this trend. Once the pair reaches its upside target it will probably roll over and begin a down leg towards the range lows.

Only a decisive break above 0.8539 and the top of the range would signal a change in trend. A decisive break would be one accompanied by a long green candle breaking above the top of the range and closing near its high, or three green candles in a row that broke above the level. If successful, such a move would probably then rally to a minimum target of 0.8617 (August 14 swing low).

Author

Joaquin Monfort

FXStreet

Joaquin Monfort is a financial writer and analyst with over 10 years experience writing about financial markets and alt data. He holds a degree in Anthropology from London University and a Diploma in Technical analysis.

AUD/USD seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.

Gold finds temporary floor near $3,850, downside risks persist

Gold rises almost 0.9% to near $3,915 in the early trade on Friday after posting a fresh 13-month low near $3,850 the previous day. The recovery move in the Gold price after a massive decline in the past few days started Tuesday appears to be short-lived as several headwinds are boosting bears to keep up the dominance.

Bitcoin slips below $70,000 for the first time since August

Bitcoin is attracting some serious sellers, pushing it below $70,000 on Friday after an over 3% decline the previous day. The Crypto King is down over 5% so far this week, and a bearish close could mark its sixth consecutive week of losses. The technical outlook for Bitcoin is bearish, with sellers tightening their grip despite overextending the downtrend to oversold levels.

Asian stocks post mixed results amid Nvidia leadership turmoil, Anthropic IPO buzz

Asian stocks post mixed results on Friday, with Japan’s Nikkei 225 Index climbing 0.91% to around 61,370 and China’s Shanghai Composite rising 0.22% to 3,660. Conversely, Hong Kong’s Hang Seng Index fell 0.82% to 23,810, while South Korea’s KOSPI declined 0.49% to near 5,320.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.