TRENDING:

GBP/USD

XAU/USD

USD/CHF trying to eke out a small gain after a thin week, closing in on 0.9050

The USD/CHF is seeing a thin bounce for Friday, churning towards 0.9050.
The pair is holding steady after falling into the median range near major moving averages.
Up Next: On Tuesday, an appearance from SNB Chair Thomas Jordan, US CPI inflation.

Joshua Gibson FXStreet

The USD/CHF is on the high side for the week after Federal Reserve (Fed) Chairman Jerome Powell propped up the US Dollar (USD) with hawkish comments, sending broader market sentiment into a tailspin.

The USD has seen some weakness against the Swiss Franc (CHF) through October and November, and remains down 2.25% from October's peak near 0.9245.

Coming up next week, early Tuesday sees Swiss National Bank (SNB) Chairman Thomas Jordan will be delivering the opening remarks at the Third High-Level Conference on Global Risk, Uncertainty, and Volatility, in Zurich.

Later that same day will be US Consumer Price Index (CPI) inflation, and investors will be drawing additional focus to the headline figures after the Fed's hawkish showing this week.

USD/CHF Technical Outlook

The USD/CHF has been cycling around the 200-day Simple Moving Average (SMA) since September, drawing out a constraining range from 0.9100 to 0.8900, but the pair's long-term bullish momentum from July's bottom near 0.8550 sees the 50-day SMA confirming a bullish cross of the longer moving average.

This week saw a decline into 0.8950 on Monday before the USD recovered into the week's midrange, seeing a bullish push on Thursday and holding steady at the top end for Friday.

USD/CHF Daily Chart

USD/CHF Technical Levels

USD/CHF

Overview
Today last price	0.9032
Today Daily Change	-0.0004
Today Daily Change %	-0.04
Today daily open	0.9036

Trends
Daily SMA20	0.8998
Daily SMA50	0.9017
Daily SMA100	0.8901
Daily SMA200	0.9001

Levels
Previous Daily High	0.9041
Previous Daily Low	0.8988
Previous Weekly High	0.9113
Previous Weekly Low	0.8966
Previous Monthly High	0.9244
Previous Monthly Low	0.8888
Daily Fibonacci 38.2%	0.9021
Daily Fibonacci 61.8%	0.9008
Daily Pivot Point S1	0.9002
Daily Pivot Point S2	0.8968
Daily Pivot Point S3	0.8949
Daily Pivot Point R1	0.9056
Daily Pivot Point R2	0.9075
Daily Pivot Point R3	0.9109

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD ticks north after ECB, US inflation data

The EUR/USD pair hovered around 1.1750 but is still unable to conquer the price zone. The European Central Bank left interest rates unchanged, as expected, upwardly revising growth figures. The US CPI rose 2.7% YoY in November, down from the 3.1% posted in October.

GBP/USD runs beyond 1.3400 on BoE, US CPI

The GBP/USD pair jumped towards the 1.3440 area on Thursday, following the Bank of England decision to cut rates, and US CPI data, which resulted much softer than anticipated. The pair holds on to substantial gains early in the American session.

Gold nears $4,350 after first-tier events

The bright metal advances in the American session on Thursday, following European central banks announcements and the United States latest inflation update. XAU/USD approaches weekly highs in the $4,350 region.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bank of England cuts rates in heavily divided decision

The Bank of England has cut rates to 3.75%, but the decision was more hawkish than expected, leaving market rates higher and sterling slightly stronger. It's a close call whether the Bank cuts again in February or March.

Dogecoin Price Forecast: DOGE breaks key support amid declining investor confidence

Dogecoin (DOGE) trades in the red on Thursday, following a 4% decline on the previous day. The DOGE supply in profit declines as large wallet investors trim their portfolios. Derivatives data shows a surge in bearish positions amid declining retail interest.