USDCHF chart

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.


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USD/CHF, EUR/CHF Price: Rebounding From the Same Resistance

Last Friday EUR/CHF and USD/CHF closed in the red for the second week in a row. Additionally, since last week buyers have been failing to overcome the exact same levels time and time again. Here are those levels and more to watch
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Analyst Picks

James Stanley

James Stanley Currency Strategist

My Picks: GBPUSD, USDJPY, USDCAD, USDCHF
Expertise: price action, macro
Average Time Frame of Trades: few days - few weeks

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