USDCHF not ready to abandon its positive trajectory

USDCHF bounces off 50-SMA support. A break above 0.8120 eyes new bullish wave. Risk: A fall below 0.8030 invalidates recovery.
XM Group | 36 days ago

Overview: USDCHF ended its brief pullback from the one-year high of 0.8200 near the 50-SMA at 0.8045 last week and has shifted back into recovery mode, reviving hopes that the 2026 uptrend from 15-year lows could extend further within a bullish channel.

Momentum: The RSI is attempting to re-enter the bullish territory, while the stochastic is preparing to turn higher from oversold levels, both reinforcing the positive outlook.

Bullish scenario: A decisive close above the 20-SMA at 0.8120 could pave the way toward the channel’s upper boundary and the 38.2% Fibonacci of 0.8210. A move above that area could then open the door to the psychological level of 0.8300.

Risk: A drop below 0.8030 could undermine the bullish outlook and put the broader uptrend into question.

XM Group
Type: Market Maker
Regulation: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
read more
Oil Markets Stabilize as Hormuz Agreement Eases Supply Concerns | 6th August, 2026

Oil Markets Stabilize as Hormuz Agreement Eases Supply Concerns | 6th August, 2026

Oil markets stabilized after the Iran-Oman agreement eased concerns over supply disruptions in the Strait of Hormuz, while fading expectations of further Federal Reserve rate hikes weakened the US Dollar. The softer Greenback supported the Canadian Dollar, Swiss Franc, and Euro as investors turned their focus to energy markets, central bank guidance, and upcoming economic data.
Moneta Markets | 34 days ago
Major Currencies Extend Gains as US Dollar Weakens Ahead of Key US Data | 5th August, 2026

Major Currencies Extend Gains as US Dollar Weakens Ahead of Key US Data | 5th August, 2026

The US Dollar remained under pressure ahead of key US labor market data, with investors scaling back Fed tightening expectations. The weaker Greenback supported the Euro, British Pound, Australian Dollar, and Swiss Franc, while hawkish ECB expectations further boosted the Euro. Markets now await the ADP Employment report and upcoming US jobs data for the next directional move.
Moneta Markets | 35 days ago