US Dollar Forecast: USD/CHF Defends Post-Fed Rally
US Dollar Outlook: USD/CHF
USD/CHF seems to be defending the rally following the Federal Reserve interest rate decision as it trades near the weekly high (0.9095).
US Dollar Forecast: USD/CHF Defends Post-Fed Rally
USD/CHF stages a three-day rally after gut checking the 50-Day SMA (0.8984) at the start of the week, and the exchange rate may retrace the decline from the monthly high (0.9201) should it continue to track the positive slope in the moving average.
Join David Song for the Weekly Fundamental Market Outlook webinar.
With that said, USD/CHF may stage further attempt to test the 2024 high (0.9225), but the exchange rate may consolidate over the remainder of the month as it struggles to extend the recent series of higher highs and lows.
USD/CHF Price Chart – Daily
Chart Prepared by David Song, Senior Strategist; USD/CHF Price on TradingView
- USD/CHF extends the rebound from the weekly low (0.8966) to stage a three-day rally, with a breach above 0.9180 (23.6% Fibonacci extension) bringing the monthly high (0.9201) on the radar.
- Next area interest comes in around the 2024 high (0.9225), but USD/CHF may continue to threaten the positive slope in the 50-Day SMA (0.8984) as it struggles to extend the recent series of higher highs and lows.
- Lack of momentum to hold above the 0.9030 (38.2% Fibonacci extension) to 0.9040 (23.6% Fibonacci extension) region may push USD/CHF back towards the weekly low (0.8966), with the next area of interest coming in around 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension).
Additional Market Outlooks
Gold Price Rallies to Fresh Record High amid Limited Response to Fed
EUR/USD Struggles Ahead of ECB as Fed Keeps US Interest Rate on Hold
USD/CAD Unfazed by BoC Rate-Cut Ahead of Fed Decision
AUD/USD Susceptible to Negative Slope in 50-Day SMA
--- Written by David Song, Senior Strategist
Follow on Twitter at @DavidJSong
From time to time, StoneX Financial Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.
City Index is a trading name of StoneX Financial Pty Ltd.
The material provided herein is general in nature and does not take into account your objectives, financial situation or needs.
While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments.
StoneX recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk, and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets.
It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at www.cityindex.com/en-au/terms-and-policies/, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade. Our Target Market Determination (TMD) is also available at www.cityindex.com/en-au/terms-and-policies/.
StoneX Financial Pty Ltd, Suite 28.01, 264 George Street, Sydney, NSW 2000 (ACN 141 774 727, AFSL 345646) is the CFD issuer and our products are traded off exchange.
© City Index 2025