CHF – USD/CHF Resumes Upward Momentum After Consolidation

A Swiss source told Reuters that Switzerland could reach an agreement with the US as early as Thursday or Friday to reduce US tariffs on Swiss goods to 15%. The source said an agreement could also be reached early next week, while warning that a tariff reduction deal is uncertain until US President Trump approves it.

As seen on the technical chart, the USD/CHF pair is holding steady above the 0.80 level and is expected to remain relatively stable. Current resistance is expected at 0.81, followed by the August high of 0.8171 and 0.8250. The next key level is expected to be the 200-day moving average at 0.8260 to 0.84. Support levels are expected to be at 0.80 and 0.79, with the next levels at 0.7860 and 0.78.

Forecast Range:

Resistance: 0.8100 – 0.8171 – 0.8260 – 0.8400

Support: 0.8000 - 0.7900 - 0.7860 – 0.7800

This Week's News Highlights:

10/11
Trump says the US is reaching an agreement with Switzerland on tariff reductions

11/11
Sources say Switzerland may reach an agreement with the US on tariff reductions before the weekend

Any questions? contact our professional analysis team