The currency pair climbs 0.2% to 0.8146, defying broader USD softness amid Swiss Franc’s haven demand decline.
USD/CHF advanced to 0.8146 on Wednesday, gaining over 0.2% as the Swiss Franc underperformed despite the US Dollar’s mixed session against G8 currencies. The move reflects a shift in haven flows, with traders favoring the Dollar over the Franc.
The pair’s technical outlook remains bullish, with higher highs and lows forming and the Relative Strength Index signaling upward momentum. Resistance is seen at 0.8149, followed by targets at 0.8172 and 0.8200. Support lies at 0.8061, with a break below needed to shift sentiment.
This week, the Franc was the strongest against the British Pound but lagged against the Dollar, highlighting its selective weakness in cross-currency moves.