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
Webinar: FX Week Ahead: Global Inflation Data, Central Bank Policy in Focus
S1.9770 W R3.9950 S
S2.9734 M R2.9905 M
S3.9684 S R1.9865 W
Trend
neutral
Volatility
55%

News


Webinar: FX Week Ahead: Global Inflation Data, Central Bank Policy in Focus

In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX markets.
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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

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