empty
05.05.2025 05:35 PM
USD/CHF: Analysis and Forecast

This image is no longer relevant

The USD/CHF pair remains under pressure at the start of the new week, attracting sellers for the second day in a row, weighed down by several factors. However, spot prices remain confined within the familiar range observed over the past two weeks.

The NFP (Nonfarm Payrolls) employment report shifted expectations for a Federal Reserve rate cut from June to July by 25 basis points. Rising economic uncertainty tied to tariffs and President Trump's policies continues to weigh on the dollar, prompting investors to favor safer assets such as the Swiss franc.

Trump's rapidly shifting trade policy toward China continues to fuel uncertainty in the markets. In addition, renewed escalations in Middle East conflicts are contributing to increased geopolitical risks. Investors remain cautious, which affects their risk appetite.

Nonetheless, ahead of this week's key central bank events—specifically the Fed's interest rate decision at the conclusion of its two-day meeting on Wednesday—investors are reluctant to aggressively sell the dollar. Today's release of the U.S. ISM Services PMI is seen as a potential short-term trading opportunity.

From a technical perspective, the nearest resistance for the pair lies at the 0.8275 level, followed by 0.8340. However, as long as the oscillators on the daily chart remain firmly in negative territory, the path of least resistance for the USD/CHF pair is to the downside.

A decisive break below the psychological level of 0.8200 would accelerate the decline toward the next support at 0.8189. Failure to defend this zone could lead to deeper losses, potentially revisiting April's lows.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Japan on the Brink of Recession

The GDP report published on Thursday revealed that Japan's economy contracted by 0.7% year-over-year in the first quarter—its first annual decline in the past year and significantly worse than expected

Kuvat Raharjo 11:00 2025-05-16 UTC+2

Investors Continue Digesting the Impact of the Tariff Truce Between the U.S. and China (There Is a Chance of Renewed Corrective Decline in Gold and Oil Prices)

Markets have fully priced in the outcome of the U.S.–China talks, which resulted in a 90-day trade truce. Weaker-than-expected U.S. economic data offset the early-week optimism. The recent rally lost

Pati Gani 10:49 2025-05-16 UTC+2

What to Pay Attention to on May 16? A Breakdown of Fundamental Events for Beginners

Few macroeconomic events are scheduled for Friday, and they are not more significant than the reports released on Thursday, which did not provoke any market reaction. In essence, the only

Paolo Greco 06:17 2025-05-16 UTC+2

GBP/USD Overview – May 16: The Market Has No Desire to Sell

The GBP/USD currency pair traded sideways on Thursday with low volatility—typical behavior for the pound over the past month. First, there was a classic flat range; now, we see "swings"

Paolo Greco 03:54 2025-05-16 UTC+2

EUR/USD Overview – May 16: The Dollar Remains the World's "Number One Currency"

The EUR/USD currency pair moved in both directions on Thursday but ultimately remained below the moving average line. Its position beneath the moving average allows us to expect further strengthening

Paolo Greco 03:54 2025-05-16 UTC+2

Are Things Really So Optimistic with the Deals with China and the UK?

Last week, Donald Trump announced the signing of the first deal with the United Kingdom under his "America's Liberation" campaign. It was later revealed that the deal had not been

Chin Zhao 00:40 2025-05-16 UTC+2

The Euro Didn't End Up in the Junkyard

Chinese goods have flooded the European market, but EUR/USD bulls aren't alarmed by this. While the U.S. has reduced tariffs on imports from China, the weighted average tariff still sits

Marek Petkovich 00:39 2025-05-16 UTC+2

AUD/USD Outlook: Australia's Economic Momentum Fades

The monthly NAB Business Survey showed that the positive momentum which drove GDP growth of 1.3% y/y in Q1 is fading. Business confidence improved slightly but remains in negative territory

Kuvat Raharjo 19:49 2025-05-15 UTC+2

GBP/USD. The Pound Ignores the UK's Optimistic GDP Report

The UK's economic growth report released today offered support to GBP/USD buyers, although the market's reaction was muted. Traders are reluctant to open large positions ahead of today's speech

Irina Manzenko 19:38 2025-05-15 UTC+2

XAU/USD. Analysis and Forecast

Gold is attempting to stay above its 50-period Simple Moving Average (SMA). However, optimism sparked by the de-escalation of the U.S.–China trade war — involving the world's two largest economies

Irina Yanina 19:17 2025-05-15 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.