USD/CHF Price Forecast: Bulls clash at 100-day SMA, eyes on 0.7950
The USD/CHF advanced by 0.24% on Tuesday as geopolitical tensions remained high, even after reports of a one-month ceasefire, according to Al Arabiya, citing Israeli Channel 12. At the time of writing, the pair trades at 0.7881 after bouncing off daily lows of 0.7859.
USD/CHF Price Forecast: Technical Outlook
The technical picture shows that USD/CHF is neutral to bullish, even though it remains below the 200-day Simple Moving Average (SMA) at 0.7949.
Momentum, as measured by the Relative Strength Index (RSI), shows that buyers are gaining traction, though if they want to test higher prices, they must clear key resistance levels on the upside.
If USD/CHF clears the 100-day SMA of 0.7893, expect a test of the 0.7900 figure. Once cleared, the next area of interest will be the 200-day SMA at 0.7949, followed by the 0.8000 threshold.
On the bearish side, if USD/CHF tumbles below the March 23 daily low of 0.7834, it could open the door to a challenge of the 50-day SMA key support at 0.7798. On further weakness, a retracement towards the March 10 swing low of 0.7748 is on the cards.
USD/CHF Price Chart – Daily
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes forecasts $1 million Bitcoin by 2030, links target to AI debt risks
AI valuation divergence intensifies! Anthropic IPO: Enthusiastic Silicon Valley bids $2 trillion, while a cautious Wall Street only recognizes $1.5 trillion
The valuation debate surrounding Anthropic’s IPO is exposing a pricing gap between Silicon Valley and Wall Street. Silicon Valley venture capitalists are still betting heavily on AI growth at high valuations, with some investment banks discussing an early valuation of around $2 trillion. Meanwhile, Wall Street public market institutions are focusing on high interest rates, capital expenditure on computing power, and ongoing financing pressures, and are leaning toward a $1.5 trillion valuation.
Micron (MU.US) Q4 earnings call: Management declares "No sign of supply-demand balance," 75% of shipments for next year already locked in; 2028 expected to be tighter than 2027
Micron Technology (MU.US) management expressed optimism during the Q4 earnings call, stating that AI-driven memory demand remains strong and that supply and demand will remain tight in 2027 and 2028.
After experiencing Muse, I cleared out my Airbnb holdings
A senior analyst heavily invested in Airbnb decided to sell all his Airbnb holdings just 10 days after experiencing Meta AI's Muse app. He believes that Muse not only understands his preferences but also helps him bypass Airbnb to book accommodations directly, at 60% lower prices. As AI agents begin to compare prices, cancel, and rebook on your behalf, the "traffic moat" that internet platforms depend on is under threat, and the era of "proactive e-commerce" may be dawning.
Crypto prices
More
