Technical Analysis
On the 4-hour chart, USD/CHF is building a recovery from the 0.79441 low. Notably, the pair is not retesting the previous falling trendline but is approaching a critical resistance at the last swing high of 0.79793.
If bullish momentum persists, a break above 0.79793 (last swing top and 100% Fibonacci retracement) will open the way to 0.79889 (127.2% Fib extension), 0.80011 (161.8% extension), and potentially the psychological 0.80145 level. The widening Bollinger Bands support the case for an extended move if resistance is cleared.
Alternative Scenario:
Should the pair fail to clear 0.79793, a reversal toward 0.79659 or even a retest of the 0.79441 low becomes plausible. This would likely occur if U.S. macro data disappoints or if safe-haven flows return to CHF.
Fundamental Outlook
US Treasury Bill and Note Auctions:
The 3-month, 6-month, 2-year, and 5-year note auctions will attract institutional attention for yield and demand, but are not expected to cause direct volatility in USD/CHF barring a significant spike in yields or a poor auction result.
No high-impact Swiss data is scheduled today. The franc remains guided by risk sentiment, expectations around SNB liquidity operations, and potential intervention signals.
On the 4-hour chart, USD/CHF is building a recovery from the 0.79441 low. Notably, the pair is not retesting the previous falling trendline but is approaching a critical resistance at the last swing high of 0.79793.
If bullish momentum persists, a break above 0.79793 (last swing top and 100% Fibonacci retracement) will open the way to 0.79889 (127.2% Fib extension), 0.80011 (161.8% extension), and potentially the psychological 0.80145 level. The widening Bollinger Bands support the case for an extended move if resistance is cleared.
Alternative Scenario:
Should the pair fail to clear 0.79793, a reversal toward 0.79659 or even a retest of the 0.79441 low becomes plausible. This would likely occur if U.S. macro data disappoints or if safe-haven flows return to CHF.
Fundamental Outlook
US Treasury Bill and Note Auctions:
The 3-month, 6-month, 2-year, and 5-year note auctions will attract institutional attention for yield and demand, but are not expected to cause direct volatility in USD/CHF barring a significant spike in yields or a poor auction result.
No high-impact Swiss data is scheduled today. The franc remains guided by risk sentiment, expectations around SNB liquidity operations, and potential intervention signals.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.