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Forex News

News source: FXStreet
Oct 28, 04:58 HKT
What can we expect from the RBNZ monetary policy decision?
  • RBNZ expected to raise OCR to 3%, with markets fully pricing hike.
  • New Zealand inflation remains elevated at 3.7%, supporting further tightening.
  • NZD/USD faces resistance at 0.5748–0.5769, with 0.5600 as key support.

On Wednesday, October 28 at 01:00 GMT, the Reserve Bank of New Zealand (RBNZ), led by Governor Anna Breman, is expected to raise the Overnight Cash Rate (OCR) by 25 basis points, from 2.75% to 3%, as money markets price in a 100% chance.

RBNZ guidance in focus after a 100% chance of a rate hike

This would be the third-rate hike by the RBNZ, while the odds for another hike in December are nearly 50%.

In the September meeting, the Committee reached a consensus to increase the OCR, agreeing unanimously to remove monetary stimulus to drive inflation toward the 2% goal while supporting growth and the labour market. This decision was made to reduce the risk of more aggressive rate adjustments while maintaining an open mind regarding future OCR adjustments.

Of note, a rate hike would bring the OCR closer to the RBNZ's neutral range, with Governor Breman saying at a press conference following the decision that the committee is moving rates towards neutral while remaining accommodative.

Furthermore, Breman added that there will likely be a further increase in OCR, and they will assess the impact of the hikes already implemented.

Overall, this suggests the central bank is leaning towards further rate increases, though the timing remains uncertain. 

Recent data suggest there is scope for further rate increases, as New Zealand GDP in Q2 exceeded forecasts at 2.6% YoY against estimates of 2.3%. Meanwhile, CPI for Q3 slowed and printed softer than expected at 3.7% YoY, beneath forecasts of 3.8%, but still was above the RBNZ’s 2% inflation objective.

What are the implications for the NZD/USD?

Currently, the NZD/USD sits comfortably at the bottom of the day’s trading range of 0.5675-0.5708, with traders waiting for a one-two punch reaction, as they are also eyeing the Federal Reserve’s decision.

If the RBNZ leans hawkish, a move to the confluence of the 50-day and 100-day Simple Moving Averages (SMAs), each at 0.5748 and 0.5769, respectively, is on the cards. If the Kiwi clears that area, a potential move towards 0.5800 is likely.

On the other hand, a dovish signal from the RBNZ could pave the way to test 0.5650 and the psychologically important 0.5600 level, guarded by traders, after trading above and below it for at least 14 days. On further weakness, the year-to-date (YTD) low of 0.5564 will be in play.

NZD/USD daily chart

RBNZ FAQs

The Reserve Bank of New Zealand (RBNZ) is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index (CPI), falls within the band of between 1% and 3% – and supporting maximum sustainable employment.

The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC) decides the appropriate level of the Official Cash Rate (OCR) according to its objectives. When inflation is above target, the bank will attempt to tame it by raising its key OCR, making it more expensive for households and businesses to borrow money and thus cooling the economy. Higher interest rates are generally positive for the New Zealand Dollar (NZD) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken NZD.

Employment is important for the Reserve Bank of New Zealand (RBNZ) because a tight labor market can fuel inflation. The RBNZ’s goal of “maximum sustainable employment” is defined as the highest use of labor resources that can be sustained over time without creating an acceleration in inflation. “When employment is at its maximum sustainable level, there will be low and stable inflation. However, if employment is above the maximum sustainable level for too long, it will eventually cause prices to rise more and more quickly, requiring the MPC to raise interest rates to keep inflation under control,” the bank says.

In extreme situations, the Reserve Bank of New Zealand (RBNZ) can enact a monetary policy tool called Quantitative Easing. QE is the process by which the RBNZ prints local currency and uses it to buy assets – usually government or corporate bonds – from banks and other financial institutions with the aim to increase the domestic money supply and spur economic activity. QE usually results in a weaker New Zealand Dollar (NZD). QE is a last resort when simply lowering interest rates is unlikely to achieve the objectives of the central bank. The RBNZ used it during the Covid-19 pandemic.

Oct 28, 04:30 HKT
Australia CPI expected to rise to 4.2% in September
  • Australian Consumer Price Index seen ticking higher in September
  • The Reserve Bank of Australia’s favorite Trimmed Mean CPI is expected to rise 0.3% MoM.
  • The Australian Dollar struggles to retain the 0.7000 mark against the US Dollar. 

The Australian Bureau of Statistics (ABS) will publish the September Consumer Price Index (CPI) on Wednesday at 00:30 GMT. The report is expected to show that inflation rose 4.2% from a year earlier, higher than the 4% posted in  August. The monthly CPI is forecast at 0.7% following the 0.4% print from the previous month.

The ABS will also release the Trimmed Mean CPI, the Reserve Bank of Australia’s (RBA) favorite inflation gauge. The annual figure was 3.6% in August, while the monthly Trimmed Mean CPI is forecast to print 0.3% in September, up from 0.2%.

Ahead of the announcement, the Australian Dollar (AUD) trades a handful of pips above the 0.7000 psychological mark against the US Dollar (USD), as the latter strengthens amid risk aversion and ahead of the Federal Reserve (Fed) monetary policy announcement. 

What to expect from Australia’s inflation rate data?

Central banks, including the RBA, base their monetary policy decisions on inflation. Price stability is a critical part of all major central banks' mandates, with some also aiming to keep unemployment tamed. The RBA has two key objectives: keep inflation low and stable, and ensure as many people as possible are in jobs.

The Australian seasonally adjusted Unemployment Rate stood at 4.7% in September, the highest in five years, yet policymakers seem less concerned about unemployment than about inflation. The September monetary policy statement noted that “The unemployment rate was now close to the assessment of full employment embedded in the August forecasts,” while on inflation, members assessed July inflation data, which led the staff to expect higher underlying inflation in the September quarter than had been forecast in August.

“Business liaison and surveys continued to record widespread reports of elevated cost growth and few expectations that those pressures would ease significantly over the year ahead,” the statement adds. 

In the September meeting, the Board voted unanimously to increase the official cash rate target by 25 basis points (bps) to 4.6%, while leaving the door open for additional hikes as inflation remains “too high,” according to the minutes. 

With that in mind, the upcoming inflation figures should support the case for further interest rate hikes ahead, maintaining the AUD under pressure. 

A reading of 4.2% or above should push the AUD/USD pair higher, while if somehow inflation surges past the 4.6% YoY peak posted in March, the Aussie is likely to get a near-term boost. A reading below 4%, on the other hand, should cool hike expectations and push the AUD further south. However, with Oil prices holding near fresh multi-month peaks, the odds of a continued AUD advance are quite limited, specially ahead of the United States Federal Reserve’s (Fed) monetary policy announcement.

The Fed is widely anticipated to keep interest rates on hold, with market participants pricing in a December hike. Still, given Chair Kevin Warsh’s unwillingness to provide forward guidance, a surprise move is always on the table. Even further, the Fed is likely to deliver a hawkish message, which means there are little odds of a USD setback. 

How could the Consumer Price Index report affect AUD/USD?

As previously mentioned, inflation is expected to have ticked higher in September, far above the RBA’s range goal of 2% to 3%. Ahead of the announcement, the AUD/USD pair hovers a handful of pips above 0.7000. 

Valeria Bednarik, FXStreet Chief Analyst, notes: “From a technical point of view, the AUD/USD pair is neutral-to-bullish according to the daily chart. The pair holds above a flat 20-day Simple Moving Average (SMA) while battling a mildly bearish 100-day SMA at 0.7030. Technical indicators, in the meantime, picked up modestly within positive levels, skewing the risk to the upside.”

Bednarik adds: “The same chart shows that speculative interest is willing to buy on dips towards the 0.7000 figure, the immediate support level. A clear break below it exposes the 0.6930/50 area, ahead of 0.6880, July’s monthly low. AUD/USD would need to run past 0.7070 to gain upward momentum and advance towards its next resistance area at around 0.7130.”

Inflation FAQs

Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.

The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.

Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money.

Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it. Higher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.

Economic Indicator

Trimmed Mean CPI (YoY)

The Trimmed Mean Consumer Price Index (CPI), released by the Australian Bureau of Statistics on a monthly basis, is a measure of underlying inflation. The Trimmed mean is calculated using a weighted average of percentage change from the middle 70% of the distribution of all CPI components in order to smooth the data from the more-volatile items. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Australian Dollar (AUD), while a low reading is seen as bearish.

Read more.

Next release: Wed Oct 28, 2026 00:30

Frequency: Monthly

Consensus: -

Previous: 3.6%

Source: Australian Bureau of Statistics

Oct 28, 04:21 HKT
Thai Baht: Double-top risk against US Dollar with BoT in focus – OCBC

OCBC’s Sim Moh Siong and Christopher Wong note that Thai Baht (THB) has weakened to a three‑month low against the Dollar, pressured by higher Oil prices, Gold weakness and a firmer USD. They maintain a slightly cautious near‑term view, with Wednesday’s Bank of Thailand (BoT) meeting and developments in Gold and Oil seen as key. Technicals highlight a possible double‑top around recent highs and nearby support levels.

Cautious near term as BoT meets

"THB remained under pressure, having weakened to a three-month low amid higher oil prices, weakness in gold and a firmer USD."

"That said, THB decline came despite foreign purchases of Thai equities and bonds, suggesting that portfolio flows have not been the main source of currency weakness."

"Meanwhile, recent comments from BoT Deputy Governor Piti indicated that the central bank sees room to maintain its accommodative policy stance despite higher energy prices, given manageable inflation pressures and still-uneven domestic growth."

"We maintain a slight cautious near-term view on THB. Higher oil prices remain a concern for Thailand’s external balances, while further weakness in gold could add to currency volatility."

"Daily momentum is flat while RSI rose. Near-term consolidation around recent highs likely."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Oct 28, 04:06 HKT
Mexican Peso hit by carry trade unwind as USD/MXN reclaims 18.60
  • USD/MXN climbs 0.60% to 18.68 after rebounding from 18.54.
  • Mexico's shrinking rate advantage threatens the Peso's carry-trade appeal.
  • December Fed hike odds reach 82% ahead of Warsh's press conference.

The Mexican Peso (MXN) makes a U-turn and depreciates 0.60% against the US Dollar (USD) on Tuesday, as the latter strengthens against a basket of six currencies, the US Dollar Index (DXY). The emerging-market currency feels the pain of unwinding the carry trade as most major central banks are poised to raise rates amid high inflation. The USD/MXN pair trades at 18.68, after bouncing off daily lows of 18.54.

Peso weakens as narrowing US-Mexico rate spreads and Fed tightening expectations fuel Dollar demand

As mentioned, the interest rate differential between the US and Mexico is poised to narrow further. Last September, the Federal Reserve raised rates 25 bps to 3.75%-4%, while the Bank of Mexico (Banxico) opted to hold rates unchanged.

Speculation among local economists in Mexico suggests that Banxico is not expected to adjust rates for the rest of this year and through 2027. On the contrary, the Fed is expected to raise rates at least once more this year and 43 basis points next year.

Meanwhile, data from Mexico showed the country posted a trade surplus of $1.069 billion in September, down from $3.489 billion in August.

Aside from this, political turmoil surrounds the country’s National Electoral Institute, the office responsible for organizing elections. Its former president, Guadalupe Taddei, resigned on Monday amid corruption allegations, a decision backed by Mexican President Claudia Sheinbaum.

Of note, Mexico faces mid-term elections next year, with the Mexican Chamber of Deputies set to be renovated on June 6, 2027.

In the US, the economic docket was busy. The Conference Board (CB) Consumer Confidence improved in October, from 82.2 to 91.7, exceeding forecasts. Durable Goods Orders expanded 1.8%, up from 0.1% in September, while ADP Employment Change came in at 16.8K, below the previous 17.5K.

Now the focus shifts to the Fed’s policy decision on Wednesday. Money markets have priced in a hold, but for December, they have priced in an 82% chance of a rate hike. After that, investors await Fed Chair Kevin Warsh press conference, looking for clues regarding the path of interest rates.

USD/MXN Price Forecast: Technical outlook

Chart Analysis USD/MXN
USD/MXN daily chart

In the daily chart, USD/MXN trades at 18.6816, extending its advance well above the clustered 50/100/200-day simple moving averages (SMA) near 17.64, which now underpin a clear bullish bias. The pair is pressing into territory previously defined by a descending resistance trend line from the 21.08 peak, while the Relative Strength Index (14) at 68.9 hovers just below overbought levels, suggesting strong but stretched upward momentum rather than an immediate reversal signal.

On the downside, initial support is found at the multi-period SMA cluster around 17.64, before a more distant horizontal floor at 16.89. As long as spot holds above these underlying demand levels, dips are likely to attract buying interest, while any renewed reaction to the overhead descending trend-line resistance would hint at consolidation rather than a sustained top.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Mexican Peso FAQs

The Mexican Peso (MXN) is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States. Geopolitical trends can also move MXN: for example, the process of nearshoring – or the decision by some firms to relocate manufacturing capacity and supply chains closer to their home countries – is also seen as a catalyst for the Mexican currency as the country is considered a key manufacturing hub in the American continent. Another catalyst for MXN is Oil prices as Mexico is a key exporter of the commodity.

The main objective of Mexico’s central bank, also known as Banxico, is to maintain inflation at low and stable levels (at or close to its target of 3%, the midpoint in a tolerance band of between 2% and 4%). To this end, the bank sets an appropriate level of interest rates. When inflation is too high, Banxico will attempt to tame it by raising interest rates, making it more expensive for households and businesses to borrow money, thus cooling demand and the overall economy. Higher interest rates are generally positive for the Mexican Peso (MXN) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken MXN.

Macroeconomic data releases are key to assess the state of the economy and can have an impact on the Mexican Peso (MXN) valuation. A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only does it attract more foreign investment but it may encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this strength comes together with elevated inflation. However, if economic data is weak, MXN is likely to depreciate.

As an emerging-market currency, the Mexican Peso (MXN) tends to strive during risk-on periods, or when investors perceive that broader market risks are low and thus are eager to engage with investments that carry a higher risk. Conversely, MXN tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.

Oct 28, 03:46 HKT
New Zealand Dollar: Best risk-reward long into RBNZ – Societe Generale

Societe Generale’s Kit Juckes highlights the New Zealand Dollar as the most attractive G10 currency into this week’s central bank meetings. Markets see an almost certain RBNZ hike, with expectations for two more moves by mid-2026. With growth prospects improving and NZD having underperformed AUD this year, Juckes views NZD as offering the best risk-reward long despite recent gains.

NZD seen as standout G10 play

"The markets are priced for a very remote chance of an ECB rate hike, a small chance of a hike by the Fed, a strong chance of a Bank of Canada hike, and almost certainly an RBNZ hike."

"The two non-hikers are expected to raise rates in December, and this week’s expected hikers are likely to act two more times by mid-2027, so the messaging needs to be strong in both cases."

"As for NZD, it does have the advantage that growth expectations are picking up, and the currency has lost a lot of ground to the AUD this year."

"It looks like the best risk-reward long going into tomorrow’s meeting, despite recent gains."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Oct 28, 03:37 HKT
Vietnam: Growth staying strong into 2027 – Standard Chartered

Standard Chartered’s Tim Leelahaphan expects Vietnam’s GDP growth to remain robust, forecasting 9.5% in 2026 and 11.0% in 2027, while raising the 2028 projection to 9.1%. Headline inflation is expected to remain above the government’s 4.5% target in the near term before easing below it in Q2-2027, ahead of gradual monetary tightening starting in Q4-2027.

High growth with gradual policy tightening

"We maintain our GDP growth forecasts of 9.5% for 2026 and 11.0% for 2027. We raise our 2028 forecast to 9.1% (from 6.7%), given the government’s continued commitment to high growth, supported by fiscal and monetary policy, robust FDI inflows and stronger domestic demand."

"We forecast Q4-2026 growth at 10.7% y/y (2.7% q/q seasonally adjusted), as the government is likely to push for stronger growth before year-end; this would translate into 10.4% y/y growth in H2 (H1: 8.5%). We expect growth to remain in double digits in early 2027 as momentum continues."

"We raise our headline inflation forecasts to 4.7% from 2026 (4.4% previously) and 3.9% in 2027 (3.3%), following recent higher-than-expected monthly prints. We lower our 2028 forecast to 3.7% (5.5%), as we expect gradual monetary policy tightening to help contain price pressures and keep inflation below the government’s 4.5% target."

"Near-term, we see headline inflation staying above the target, at 5.2% y/y in Q4-2026 and 4.6% in Q1-2027, partly due to a low base. We expect it to fall below target in Q2-2027 to 3.3%, partly because of a higher base, allowing the State Bank of Vietnam (SBV) to stay relatively accommodative."

"Still, we now expect the refinancing rate to be raised by 25bps (to 4.75%) in Q4-2027 and another 25bps (to 5.00%) in Q4-2028. This would represent gradual normalisation, as we think the authorities will continue to prioritise growth over price stability well into 2027."

"We therefore continue to expect relatively accommodative monetary policy, stronger economic growth and elevated inflation in 2027. GDP growth and headline inflation are likely to moderate in 2028, when the State Bank of Vietnam (SBV) may re-tighten policy as it shifts its focus further towards stability."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Oct 28, 03:20 HKT
Forex Today: No surprises expected from the Fed

The US Dollar (USD) has added to Monday’s optimism, advancing to the area of fresh two-week highs on the back of mixed US Treasury yields and the continuation of the pre-Fed cautious stance in the global markets.

The US Dollar Index (DXY) has further extended its recent break above the key 102.00 hurdle, reaching new two-week tops. The FOMC gathering will take centre stage seconded by the usual press conference by Chair Warsh. Data-wise, the usual MBA Mortgage Applications are due, followed by the advanced Goods Trade Balance results, Wholesale Inventories, and the EIA’s weekly report on US crude oil stockpiles.

EUR/USD has come under extra selling pressure, receding toward two-week lows near 1.1130. Germany’s GfK Consumer Confidence gauge will only be released on the domestic calendar.

GBP/USD has retreated for the third day in a row, approaching the key 1.3300 neighbourhood, or five-day lows. The Autumn Budget will be the main focus on the UK docket.

Another firm performance has lifted USD/JPY to the boundaries of the 15800 barrier, hitting three-day highs. Next on tap in Japan will be the usual weekly Foreign Bond Investment figures along with the Consumer Confidence reading, all due on October 29.

AUD/USD has outperformed its risk-related peers, reaching new five-week highs north of the key 0.7000 yardstick. The main focus on the Australian docket will be the release of inflation figures for the month of September.

Front-month WTI futures (December contract) have come under extra pressure, challenging the $99.00 mark per barrel and adding to Monday’s retracement as traders continue to gauge hopes of a diplomatic solution to the US-Iran-Hormuz conflict.

Gold has picked up marked traction, extending Monday’s uptick and reaching three-day highs further north of the key $4,000 mark per troy ounce. Declining crude oil prices along with mixed US Treasury yields appear to have lent some support to the precious metal on Tuesday.


Oct 28, 02:57 HKT
South Korea: AI cycle supports stronger GDP outlook – DBS

DBS Group Research economist Ma Tieying reviews South Korea’s preliminary 3Q GDP data, highlighting solid growth and strong exports led by semiconductor shipments, alongside weaker private consumption after the KOSPI correction. The report concludes that the AI-driven growth cycle remains intact and revises South Korea’s 2026 GDP forecast higher to 3.8% and 2027 to 2.9%.

AI momentum underpins revised forecasts

"South Korea’s preliminary 3Q GDP estimate, released this morning, came in stronger than expected. Year-on-year growth remained solid at 3.4% in 3Q, moderating slightly from 3.7% in 2Q and 3.8% in 1Q."

"On a QoQ saar basis, growth also remained firm at 3.9%, compared with an average of 5.0% in 1Q–2Q.Exports of goods and services rose by a strong 9.6% QoQ saar, supported by robust semiconductor shipments."

"Private consumption, however, declined by 1.0%, amid the sharp KOSPI correction since July following the introduction of leveraged ETF regulations.Overall, the 3Q GDP data corroborate our view that the AI-driven growth cycle remains intact, while the equity market correction may have contributed to a temporary divergence between exports, investment and domestic consumption."

"We revise up our 2026 GDP growth forecast to 3.8% from 3.5%, and our 2027 forecast to 2.9% from 2.4%."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Oct 28, 02:33 HKT
British Pound: Budget risk caps Pound recovery – Scotiabank

Scotiabank strategists Shaun Osborne and Eric Theoret say British Pound (GBP) is softer versus the Dollar as markets stay cautious ahead of Wednesday’s UK budget. Overnight GBP/USD volatility is firmer, but a fiscally credible package is expected to be neutral for the Pound. Technically, they see GBP/USD below minor support, with risks of a pullback toward the 1.3250–1.3275 area before bargain-hunting emerges.

Fiscal event risk keeps Sterling subdued

"Caution ahead of Wednesday’s UK budget accounts for some of the GBP’s softness against the USD."

"Overnight GBP/USD vols are firmer, reflecting caution ahead of Chancellor Healey’s set-piece delivery tomorrow but a budget that maintains fiscal credibility will likely be GBP-neutral at worst."

"The GBP retains a soft undertone versus the USD, driving spot below minor support at 1.3350/55."

"That leaves the October 19th low at 1.3300 exposed and lifts the risk of the pound easing back to the 1.3250/75 range to retrace a little more of its mid-month rebound."

"Modest GBP losses should entice support from bargain-hunters."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Oct 28, 02:22 HKT
USD/CHF Price Forecast: Bullish engulfing puts 0.8400 in play
  • USD/CHF confirms a bullish engulfing pattern, preserving higher highs and lows.
  • Bullish RSI strengthens upside momentum as buyers approach 0.8300 resistance.
  • Break above 0.8300 exposes 0.8354, followed by 0.8395 and 0.8400.

USD/CHF advances for the third straight day, registering modest gains of 0.09% on Tuesday, with the pair recovering some ground after hitting a monthly low of 0.8191 last Friday. The pair exchanges hands at 0.8282 with buyers eyeing the 0.8300 mark.

USD/CHF Price Forecast: Technical outlook

Price action shows that the trend is up as the market structure of higher highs and higher lows is respected. Also, the formation of a ‘bullish engulfing’ candle pattern last week was confirmed on Monday, with USD/CHF clearing the October 23 high of 0.8256, which exacerbated the continuation of the trend.

Momentum turned bullish as depicted in the Relative Strength Index (RSI). Therefore, as price action and the RSI confirm, the USD/CHF path of least resistance is upward.

The first area of interest would be the 0.8300 mark. A breach of the latter will expose the October 15 high of 0.8354, with the next stop at 0.8395, the October 14 swing high. Once cleared, 0.8400 is up next, followed by the May 12, 2025 high of 0.8476.

For a bearish reversal, the first support for USD/CHF is Monday’s low of 0.8232. Below is the 50-day Simple Moving Average (SMA) of 0.8202, followed by the 0.8200 figure. A move past that area clears the way towards the 100-day SMA at 0.8143.

USD/CHF Price Chart – Daily

USD/CHF daily chart

Swiss Franc Price Today

The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today. Swiss Franc was the strongest against the Euro.

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%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Swiss Franc from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CHF (base)/USD (quote).

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