USDCHF chart by TradingView

USD/CHF

The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor.


Support & Resistance

USD/CHF
Asia AM Digest: ECB Sinks Euro, Yen Gains as Stocks Flounder
S1.9840 W R31.0016 S
S2.9803 M R2.9948 M
S3.9750 S R1.9900 W
Trend
neutral
Volatility
55%

News


Asia AM Digest: ECB Sinks Euro, Yen Gains as Stocks Flounder

The Euro plunged after the ECB poured cold water on hopes that stimulus may be withdrawn in the near future. The Yen rose as global stock markets plunged.
Continue Reading


USD/CHF May Be More Tradable Than EUR/USD


Yen and Franc May Extend Gains as German Politics Sour Sentiment


Asia AM Digest: Swiss Franc Reclaims Anti-Risk Status


EUR/USD: Setups on Both Sides as USD Strength the Big Question


Real Time News


Analyst Picks

Nick Cawley

Nick Cawley   

Analyst

My Picks: Long USD/CHF
Expertise: Fundamental and Technical
Average Time Frame of Trades: One week to several weeks


Pivot Points data provided by IG

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