Market news
24.02.2025, 05:52

USD/CHF Price Forecast: Drops to near 0.8950 amid ongoing bearish bias

  • USD/CHF may depreciate toward the psychological level of 0.8900.
  • The bearish bias is bolstered as the 14-day RSI remains below the 50 level.
  • The pair could find the primary resistance at nine-day EMA at 0.9009.

The USD/CHF pair extends its losses for the third successive session, trading around 0.8960 during the Asian hours on Monday. The daily chart analysis points to an ongoing bearish bias, with the pair trading below the nine- and 14-day Exponential Moving Averages (EMAs).

Additionally, the 14-day Relative Strength Index (RSI) remains below the 50 level, reinforcing the bearish trend. Further depreciation would indicate an oversold situation and an upward correction in the near term.

The USD/CHF pair could find its initial support at the psychological level of 0.8900. A break below this level would open the doors for the pair to navigate the region around the two-month low at 0.8736 level, which was recorded on December 6.

On the upside, the USD/CHF pair could find the primary resistance at the nine-day EMA at 0.9009, followed by the 14-day EMA at 0.9026 level. A break above these levels would improve the short-term price momentum and support the pair to explore the nine-month high at 0.9201 level, which was approached on January 13.

USD/CHF: Daily Chart

Swiss Franc PRICE Today

The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the weakest against the Euro.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.53% -0.35% 0.13% -0.23% -0.36% -0.30% -0.22%
EUR 0.53%   0.09% 0.50% 0.11% 0.15% 0.02% 0.13%
GBP 0.35% -0.09%   0.49% 0.03% 0.07% -0.05% 0.05%
JPY -0.13% -0.50% -0.49%   -0.37% -0.42% -0.36% -0.27%
CAD 0.23% -0.11% -0.03% 0.37%   -0.19% -0.07% 0.02%
AUD 0.36% -0.15% -0.07% 0.42% 0.19%   -0.11% -0.02%
NZD 0.30% -0.02% 0.05% 0.36% 0.07% 0.11%   0.10%
CHF 0.22% -0.13% -0.05% 0.27% -0.02% 0.02% -0.10%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).

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