The USD/CHF pair is building on this week’s solid rebound from the 0.7900 level and is gaining powerful continuation on Friday for the third day in a row. This momentum in the first half of the European session is pushing spot prices closer to the 0.8100 level, the highest level since November 2025, with the sponsor being a much stronger US dollar (USD).
The USD Index (DXY), which tracks the dollar against a basket of currencies, rose to its highest level since May 2025 amid a hawkish stance from the U.S. Federal Reserve (Fed) and uncertainty over the next round of U.S.-Iran negotiations. In fact, US Vice President JD Vance canceled a planned trip to Switzerland for talks with Iran. Moreover, Israeli airstrikes in Lebanon threaten to unravel the US-Iran deal, benefiting the safe and sound haven USD and supporting the USD/CHF pair.
This week’s powerful rally from the technically significant 200-day basic moving average (SMA), another move above the psychological 0.8000 mark and the year-ago high that was reached in January were seen as key drivers for bulls. Moreover, the Moving Average Divergence (MACD) indicator remains positive with a positive spread above the signal line, strengthening the USD/CHF upside bias and providing a basis for further appreciation in the miniature term.
Meanwhile, the Relative Strength Index (14) rose to the high 60s, indicating powerful bullish momentum and approaching overbought territory. Therefore, our immediate focus is on whether the bulls can maintain traction while keeping the USD/CHF pair comfortably above recent breakout levels, with the 0.7907 region – defined by the 200-day SMA – currently providing a key structural line in the sand in the event of a deeper pullback.
A daily close towards this moving average would signal weakening momentum and expose a broader consolidation phase. However, sustained strength above 0.8000 keeps the path open to further gains if momentum readings avoid a keen reversal from overbought conditions.
(The technical analysis for this story was written with the aid of an AI tool.)
USD/CHF daily chart
US dollar price this week
The table below shows the percentage change in the United States Dollar (USD) against the major currencies traded this week. The US dollar was strongest against the New Zealand dollar.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.98% | 1.36% | 0.71% | 1.03% | 0.35% | 1.49% | 1.18% | |
| EUR | -0.98% | 0.35% | -0.26% | 0.05% | -0.64% | 0.51% | 0.20% | |
| GBP | -1.36% | -0.35% | -0.79% | -0.30% | -0.99% | 0.16% | -0.15% | |
| JPY | -0.71% | 0.26% | 0.79% | 0.31% | -0.36% | 0.81% | 0.46% | |
| BOOR | -1.03% | -0.05% | 0.30% | -0.31% | -0.70% | 0.50% | 0.16% | |
| AUD | -0.35% | 0.64% | 0.99% | 0.36% | 0.70% | 1.15% | 0.84% | |
| NZD | -1.49% | -0.51% | -0.16% | -0.81% | -0.50% | -1.15% | -0.30% | |
| CHF | -1.18% | -0.20% | 0.15% | -0.46% | -0.16% | -0.84% | 0.30% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
