USD/CHF Price Forecast: US Dollar outlook remains positive above 0.8270

Previous highs at 0.8270 have held beneath USD/CHF as its pullback from 0.8313 finds support.
Following the Fed’s decision, mildly dovish remarks from Fed Chairman Kevin Warsh weighed on the US Dollar.
Despite weaker bullish momentum, the near-term outlook retains a positive bias.

With the US Federal Reserve (Fed) meeting over and markets subdued, USD/CHF trades at 0.8285 on Thursday, leaving the US Dollar (USD) modestly higher against the Swiss Franc (CHF). The near-term uptrend remains intact: Wednesday’s retreat from 0.8313 found support above earlier highs around 0.8270.

TMGM Analysis: Financial Market News, Economic Calendar & Market Insights

Interest rates were held steady by the Fed on Wednesday, as expected, but Chairman Kevin Warsh declined to confirm a rate increase in December. Expressing confidence that monetary policy was beginning to take effect, Warsh suggested the bank might bring inflation back to its 2% target without undermining growth or needing to “throw people out of work”. Markets interpreted those comments as somewhat dovish.

Pressure on the Swiss franc increased after Wednesday’s ZEW Survey in Switzerland showed that October’s expectations for the economy over the next six months had fallen to their weakest level since March.

Technical Analysis: US Dollar Retains Support as Bullish Momentum Eases

Mixed momentum signals accompany a modest upward bias in USD/CHF at 0.8285. On the 4-hour chart, the Relative Strength Index (14) remains in positive territory at 56. However, the Moving Average Convergence Divergence (MACD) indicator has edged below zero, suggesting that the advance is losing pace rather than signalling an outright reversal.

The 19 October high around 0.8270 continues to limit selling pressure. For now, that area is preventing a move towards the 25 October low near 0.8230 and the important support zone between 0.8180 and 0.8190.

Wednesday’s high near 0.8315 provides the first resistance on the upside. A break above it would bring the 17-month highs around 0.8400 into view.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

US Dollar Posts Its Strongest Performance Against the Australian Dollar Today

Today’s percentage moves in the US Dollar (USD) against the major currencies listed below show its strongest performance was against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.03%	-0.00%	0.08%	-0.12%	0.19%	0.14%	-0.01%
EUR	-0.03%		-0.04%	0.05%	-0.13%	0.16%	0.10%	-0.05%
GBP	0.00%	0.04%		0.08%	-0.10%	0.20%	0.13%	-0.01%
JPY	-0.08%	-0.05%	-0.08%		-0.21%	0.11%	0.02%	-0.10%
CAD	0.12%	0.13%	0.10%	0.21%		0.32%	0.26%	0.12%
AUD	-0.19%	-0.16%	-0.20%	-0.11%	-0.32%		-0.06%	-0.21%
NZD	-0.14%	-0.10%	-0.13%	-0.02%	-0.26%	0.06%		-0.11%
CHF	0.01%	0.05%	0.00%	0.10%	-0.12%	0.21%	0.11%

Percentage movements between the major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. Selecting the US Dollar on the left, for instance, and following that row across to the Japanese Yen gives the percentage change for USD (base)/JPY (quote) in the corresponding cell.