FX_IDC: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
USD/CHF – Pay attention to .9950s and 1.0200
S11.0041 W R31.0233 S
S2.9996 M R21.0178 M
S3.9949 S R11.0122 W
Trend
neutral
Volatility
55%
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USD/CHF – Pay attention to .9950s and 1.0200

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Analyst Picks

James Stanley   

Currency Strategist

My Picks: Short USD/CHF
Expertise: Price Action - Macro
Average Time Frame of Trades: Few hours - Few days

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