Swiss Franc Down After the SNB Rate Meeting

Posted on June 20, 2024June 20, 2024 by Skerdian Meta

For four consecutive months, the CHF to USD rate steadily climbed, gaining approximately 9 cents. Despite efforts by buyers, USD/CHF failed to surpass the resistance level of 0.9240, and by early May, it began to decline once again. This week, the USD/CHF rate dropped below the crucial 0.90 mark and also breached the 50-day Simple Moving Average (SMA) marked in yellow. Market attention was keenly focused on the Swiss National Bank (SNB) meeting held this morning, following their decision to implement a 25 basis point rate cut in their previous meeting.

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USDCHF Breaks the 0.90 Support As Swiss CPI Grows

Posted on June 4, 2024 by Skerdian Meta

The CHF to USD rate was trading in a 2-cent range for two months, with [[USD/CHF]] finding support at the 0.90 zone, but yesterday the support was broken after the dip in the USD. This currency pair tumbled significantly in the US session after a miss in US manufacturing ISM. The 200 SMA which was acting as support on the daily chart was broken but the 100 SMA held as support around the 0.8950 level. Continue reading “USDCHF Breaks the 0.90 Support As Swiss CPI Grows” →

0.90 Holds in USDCHF After the Soft US PCE Inflation

Posted on May 31, 2024May 31, 2024 by Skerdian Meta

The CHF to USD rate continues to trade in a 2-cent range, even after the soft US PCE inflation, with 0.90 holding again for [[USD/CHF]] . This forex pair experienced a notable rebound in the Asian session following a steep drop yesterday. The corrective rise, however, failed to surpass the 50% midpoint of the upward move from mid-May’s low, which comes above 0.9070. Today’s high reached 0.9069, falling just 3-4 pips short of the critical midpoint level. Continue reading “0.90 Holds in USDCHF After the Soft US PCE Inflation” →

Swiss GDP and SNB Chairman Jordan Send CHF

Posted on May 30, 2024May 30, 2024 by Skerdian Meta

For about three months, the CHF to USD rate has been trading within a range, with USD/CHF stabilizing above 0.90. USD/CHF surged to 0.9224 in April, but buyers were unable to maintain these gains, causing the pair to fall back to the 0.90 zone, which held as support and this pair continues to trade in this range since.

The SNB's Chairman Thomas Jordan — The SNB’s Chairman Thomas Jordan

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USDCHF Near Resistance After Remarks From SNB’s Jordan

Posted on May 28, 2024 by Skerdian Meta

After experiencing a period of positive momentum for USD/CHF earlier this month, during which the pair soared over 0.92, the volatility in the CHF to USD exchange rate has decreased recently. This level has held as support despite a subsequent slide back to lows around 0.90. Furthermore, as SNB Chair Jordan revealed early this morning, purchasers have often returned to the market, encouraged by the SNB’s dovish attitude.

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US Home Sales Remain in Range, USDCHF Holds Above 0.90

Posted on May 22, 2024 by Skerdian Meta

Since early March, the CHF to USD rate has been trading within a range, with USD/CHF stabilizing above the 0.90 level. There was a surge in USD/CHF over 0.92 earlier this month, but buyers couldn’t hold the gains up there and it was followed by a retreat back to the 0.90 zone which held the decline. Continue reading “US Home Sales Remain in Range, USDCHF Holds Above 0.90” →

USD to CHF Rate Supported by MAs After SNB Chair Dovish Take

Posted on May 14, 2024May 13, 2024 by Skerdian Meta

The volatility in the CHF to USD rate has declined in the last 2 weeks, after USD/CHF climbed above 0.92 early this month but tumbled back to 0.90 lows which are holding as support for USD/CHF. buyers keep coming back, so we are keeping a bullish bias, going long on the US dollar against the Swiss Franc. Continue reading “USD to CHF Rate Supported by MAs After SNB Chair Dovish Take” →

Buying the USD/CHF Retreat After Softer US Unemployment Claims

Posted on May 9, 2024May 9, 2024 by Skerdian Meta

The volatility in the CHF to USD rate has declined this week, after USD/CHF climbed above 0.92 last week but tumbled to 0.90 after the FOMC. However, this major level turned into support, holding the decline. This week buyers have resumed control and despite the dip after the soft jobless claims today, we are keeping a bullish bias, going long on the US dollar against the Swiss Franc. Continue reading “Buying the USD/CHF Retreat After Softer US Unemployment Claims” →

USD/CHF Uptrend to Continue As SNB’s Confirms Inflation Fight Done

Posted on April 28, 2024April 27, 2024 by Skerdian Meta

The rate of USD to CHF has been steady for most of April, but that might change next week as the SNB confirms that they have finished the job with inflation. The lows are still getting higher for USD/CHF which is a bullish signal, and Jordan’s comments last week will add further weakness to the CHF, sending this pair higher, while the FED is still keeping interest rates high. Continue reading “USD/CHF Uptrend to Continue As SNB’s Confirms Inflation Fight Done” →

The Quick Reversal in USDCHF Suggests Further Upside

Posted on April 22, 2024April 21, 2024 by Skerdian Meta

Last week we saw a quick 1 cent dip in CHF to USD rate, but the reversal was just as quick, suggesting that buyers are in control and the bullish momentum will continue. The dive came after the Israel-Iran attacks, but markets weren’t too spooked by that, which helped reverse the price back up. Continue reading “The Quick Reversal in USDCHF Suggests Further Upside” →