- USD/CHF increases profits because the American dollar uses positive commercial headers.
- Claims from non -work time fall to 228,000, supporting a wider USD force.
- Technical indicators have a key resistance to 0.9050 and support nearly 0.8900.
The USD/CHF pair is higher because the US dollar (USD) is gaining the momentum of mixed economic signals and commercial optimism, while the Swiss franc (CHF) weakens among wider risk moods. US President Donald Trump announced the “main trade agreement” with Great Britain (Great Britain), although the initial excitement cooled after reports that 10% of the tariff for goods in Great Britain would remain in place, limiting the potential economic growth from the contract.
The American dollar index (DXY) remains firm, trading nearly 100.00, because investors digest positive economic data and commercial headers. Initial unemployed claims in the US fell to 228 thousand. In the week ending on May 3, compared to 241 thousand. Last week, signaling a resistant labor market. Meanwhile, Bank of England (Boe) reduced its reference interest rate by 25 base points to 4.25%, additionally supporting USD, because the performance difference is expanding.
In Switzerland, economic perspectives remain murky as global trade uncertainty persists. The Swiss National Bank (SNB) has maintained a cautious attitude, and the last data suggest suppressed pressure on inflation. This discrepancy in monetary policy has increased to CHF, which makes it less attractive in the current risk environment.
Technical analysis
From a technical point of view, USD/CHF tests resistance near 0.9050, with additional barriers of 0.9080 and 0.9100. On the other hand, support is evident at 0.9000, followed by 0.8950 and 0.8900. RSI is located on a neutral territory, reflecting sustainable perspectives, while MacD shows a stubborn crossover, which indicates the potential of further profits. However, long-term movable average, such as 100-day SMA (0.8920) and 200-day SMA (0.8880), suggest cautious long-term perspectives, emphasizing the importance of lasting shoot for a significant breakthrough.
To sum up, USD/CHF remains supported by the combination of solid US economic data and pigeon signals from European central banks. However, traders should monitor incoming data and geopolitical headers in terms of potential variability during upcoming sessions.
