The post Holds firm below 0.8000 on US Dollar demand appeared on BitcoinEthereumNews.com.

USD/CHF capped by 20-day SMA and April trendline near 0.8000. RSI hints at building bullish momentum, though still below neutral. Bearish continuation may target July lows at 0.7919 and 0.7872. The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week. USD/CHF Price Forecast: Technical outlook The USD/CHF downtrend is set to continue, so the rallies should be sold in the short term.  Alongside key resistance found at the 20-day SMA at 0.8037, lies a resistance trendline drawn from April 2 highs, near the 0.8000, which is the first line of defense for bears. Nevertheless, momentum indicates that buyers are gathering some ground as depicted by the Relative Strength Index (RSI), aiming slightly upwards, towards its neutral line. In the outcome of a bearish continuation, the USD/CHF first support would be the July 10 low of 0.7919. If surpassed, the next stop would be the July 1 low of 0.7872. USD/CHF Price Chart – Daily Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the…

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Filed under: News - @ July 12, 2025 6:28 am