USDCHF looks to test swing area and retracement area
As the dollar continues to move higher (new highs vs the EUR, GBP, JPY all being made), the USDCHF
USD/CHF
The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, resulting in a very liquid pair, with tight spreads, often staying within the 0 pip to 2 pip spread range on most forex brokers. Even though the Swiss franc might not be as liquid as the euro or yen, the USD/CHF currency pair is still liquid enough to be known as the fourth major. Trading the USD/CHF has its advantages and disadvantages. The main advantage being, a lot of traders often prefer to invest in the Swiss franc when economic or political instability is lurking.This is due to Switzerland traditionally being known as a safe haven, as it generally remains neutral and silent on many major geopolitical events, for example it never participates in wars. These investments can trigger large swings for traders, who may capitalize on such moves. The main disadvantage is that the US dollar is the world’s reserve currency.Thus, traders also can flock to the USD, trying to ascertain which currency is more likely to be embarked upon can prove tough at times. USD/CHF Still Living in Shadows of 2015The USD/CHF otherwise is seen as one of the lesser volatile pairs, with a tendency to follow the Euro, hence the negative correlation between it and the EUR/USD.The currency pair will forever be tethered to the events of January 2015 with the Swiss National Bank (SNB) Crisis which roiled currency markets.In this instance, the SNB abruptly decided to abandon the Swiss franc (CHF) currency peg with the euro, convulsing markets.
The USD/CHF is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Swiss franc of Switzerland (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed in order to purchase one US dollar. For example, when the USD/CHF is trading at 1.2500, it means 1 US dollar is equivalent to 1.25 Swiss francs. The US Dollar (USD) is the world’s most traded currency, whilst the Swiss franc (CHF) is the world’s sixth most traded currency, resulting in a very liquid pair, with tight spreads, often staying within the 0 pip to 2 pip spread range on most forex brokers. Even though the Swiss franc might not be as liquid as the euro or yen, the USD/CHF currency pair is still liquid enough to be known as the fourth major. Trading the USD/CHF has its advantages and disadvantages. The main advantage being, a lot of traders often prefer to invest in the Swiss franc when economic or political instability is lurking.This is due to Switzerland traditionally being known as a safe haven, as it generally remains neutral and silent on many major geopolitical events, for example it never participates in wars. These investments can trigger large swings for traders, who may capitalize on such moves. The main disadvantage is that the US dollar is the world’s reserve currency.Thus, traders also can flock to the USD, trying to ascertain which currency is more likely to be embarked upon can prove tough at times. USD/CHF Still Living in Shadows of 2015The USD/CHF otherwise is seen as one of the lesser volatile pairs, with a tendency to follow the Euro, hence the negative correlation between it and the EUR/USD.The currency pair will forever be tethered to the events of January 2015 with the Swiss National Bank (SNB) Crisis which roiled currency markets.In this instance, the SNB abruptly decided to abandon the Swiss franc (CHF) currency peg with the euro, convulsing markets. Read this Term is also in that group.
Looking at the hourly chart, the pair moved above it’s 200 hour MA at 0.92802. That was the first break since March 29. The price has since moved up to test the 38.2% of the move down from the March 16 high at 0.92955. That retracement is between a swing area (see red numbered circles) between 0.9293 and 0.92964.
The cluster of levels increases the areas importance. Move above and traders will look toward another swing area between 0.9313 to 0.93194 and above that the 50% retracement of the same move lower at 0.93268.
Stay below the swing area and the trade could take the price back for another test of the 200 hour MA at 0.92802. Move back below the 200 hour MA and something is up. The price should not head back below that level if the break is “for real”.
Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure
With macroeconomic elements and geopolitical tensions guiding the market’s course over the previous few weeks, main inflows and outflows have...
And What It Takes to Lastly Get to “Sure”
Your social media posts look nice and sound fascinating.
However just a few likes and feedback trickle in, principally out of your internal circle. They're like...
Printed on April 14th, 2026 by Bob Ciura
The S&P 500 Index is the world’s best-known and most widely known inventory market index.
The index contains 500 firms and covers roughly 80% of obtainable market...
U.S. President Donald Trump’s Federal Reserve chair nominee, Kevin Warsh, has revealed an in depth funding portfolio. It consists of superior expertise, biotech and crypto-linked corporations in a not too long ago...
