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USD/CHF
Bearish
Low
High
of clients are net long. of clients are net short.
Note: Low and High figures are for the trading day.

Dollar - Swiss Franc Chart

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 Up

S1 9225
S2 9184
S3 9100
R1 9355
R2 9412
R3 9497
Strong
Moderate
Weak
Up
Neutral
Down

Pivot Points

P 0.96055
S3 0.95929
S2 0.95992
S1 0.96022
R1 0.96085
R2 0.96118
R3 0.96181
Daily Classical Pivot Points. Last Updated: Jul 1, 2022
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IG Client Sentiment

USD/CHF Bearish
Net Long Net Short
Daily change in
Longs -5%
Shorts -9%
OI -6%
Weekly change in
Longs -1%
Shorts -14%
OI -6%
Sentiment chart

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias.

Related News & Analysis

Economic Calendar

06:30:00
M
Inflation Rate YoY (JUN)
A:
F: 3.2%
P: R: 2.9%
06:30:00
L
Inflation Rate MoM (JUN)
A:
F: 0.3%
P: R: 0.7%
09:30:00
L
LMI Logistics Managers Index Current (JUN)
A:
F:
P: R: 67.1
14:00:00
M
Factory Orders MoM (MAY)
A:
F: 0.5%
P: R: 0.3%
14:00:00
L
Factory Orders ex Transportation (MAY)
A:
F:
P: R: 0.3%
15:30:00
L
3-Month Bill Auction ()
A:
F:
P: R: 1.75%
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