0.8400 in focus: USD/CHF Price Forecast as bullish engulfing pattern emerges

Higher highs and higher lows remain intact as USD/CHF confirms a bullish engulfing pattern.
0.8300 resistance comes into focus as a bullish RSI reinforces upward momentum.
Above 0.8300, the next levels are 0.8354, then 0.8395 and 0.8400.

USD/CHF gains a modest 0.09% on Tuesday. This marks its third consecutive daily advance, extending a recovery from last Friday’s monthly low of 0.8191. Trading at 0.8282, the pair has buyers targeting 0.8300.

0.8300 in Focus: USD/CHF Technical Price Forecast

Higher highs and higher lows continue to define the market structure, signalling an upward trend. Monday confirmed last week’s ‘bullish engulfing’ candlestick pattern as USD/CHF surpassed the 23 October high of 0.8256, reinforcing the trend’s continuation.

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The Relative Strength Index (RSI) indicates that momentum has shifted in favour of buyers. With both price action and the RSI providing confirmation, the path of least resistance for USD/CHF remains to the upside.

At 0.8300 lies the first level to watch. A break would bring the 15 October high of 0.8354 into view, ahead of the 14 October swing high at 0.8395. Beyond that, attention would turn to 0.8400 and then the 12 May 2025 high of 0.8476.

Should a bearish reversal develop, Monday’s low at 0.8232 would provide initial support for USD/CHF. The 50-day Simple Moving Average (SMA) at 0.8202 comes next, ahead of 0.8200. A break below this area would open the way to the 100-day SMA at 0.8143.

USD/CHF Daily Price Chart

Swiss Franc: Today’s Price Performance

The Swiss Franc (CHF) performed best against the Euro today. The table below sets out its percentage changes against the listed major currencies.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.37%	0.24%	0.28%	0.28%	-0.16%	-0.04%	0.13%
EUR	-0.37%		-0.12%	-0.07%	-0.09%	-0.52%	-0.41%	-0.22%
GBP	-0.24%	0.12%		0.04%	0.02%	-0.41%	-0.28%	-0.10%
JPY	-0.28%	0.07%	-0.04%		-0.01%	-0.45%	-0.32%	-0.16%
CAD	-0.28%	0.09%	-0.02%	0.00%		-0.43%	-0.31%	-0.14%
AUD	0.16%	0.52%	0.41%	0.45%	0.43%		0.13%	0.30%
NZD	0.04%	0.41%	0.28%	0.32%	0.31%	-0.13%		0.17%
CHF	-0.13%	0.22%	0.10%	0.16%	0.14%	-0.30%	-0.17%

Percentage movements between major currencies are displayed in the heat map. Select the base currency in the left-hand column and the quote currency in the top row. For instance, choosing the Swiss Franc on the left and following that row across to the US Dollar gives the percentage change for CHF (base)/USD (quote) in the corresponding cell.