USDCHF Analysis
USDCHF is moving in an Ascending channel after breaking the downtrend line.
USDCHF Update
USDCHF is consolidating at the Retest area, which leads to the SL price. However, USDCHF still have chances to to rebound from the retest area the downtrend line.
Reason: Due to the release of more economic news mentioned below, the market is not making technical movements at this time.
US Core Retail Sales (MoM) (Sep), US Initial Jobless Claims, US Philadelphia Fed Manufacturing Index (Oct), US PPI (MoM) (Sep), US Retail Sales (MoM) (Sep), US Crude Oil Inventories
Why USD is Weaker
Rising rate cut expectations – Markets anticipate almost 96% odds of an October rate cut and 95% in December, lowering returns on USD assets.
Dovish Federal Reserve stance – The Fed’s soft policy tone signals possible easing, reducing investor demand for the dollar.
Shift to riskier assets – As rate cut bets increase, investors move funds from the safe-haven USD to equities and emerging-market currencies.
Weak U.S. economic data – Slowing growth and cooling inflation strengthen expectations for policy easing, pressuring the USD further.
Why CHF is Stronger
High external demand – Strong global demand for the Swiss franc supports its value despite low interest rates.
Safe-haven status – Investors seek CHF during global uncertainty due to Switzerland’s stability and neutrality.
Limited currency supply – A small currency float amplifies demand impact, keeping the franc firm.
Low inflation and fiscal discipline – Switzerland’s stable economy and prudent policies maintain investor confidence.
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