Key Moments
- USD/CHF has fallen from above 0.8040 to session lows around 0.7925, slipping below 0.7930.
- Comments from U.S. President Donald Trump about a potential quick resolution to the Iran war weighed on the US Dollar.
- USD/CHF is nearing trendline support at 0.7910, with a break seen as a potential confirmation of a broader trend shift.
Risk Appetite Drives Broad Dollar Selling
The US Dollar (USD) is under pressure across major currency pairs on Wednesday, extending its decline against the Swiss Franc (CHF). USD/CHF has dropped to session lows near 0.7925, retreating from Tuesday’s high above 0.8040.
Market sentiment has tilted in favor of risk assets, undermining demand for the Greenback. The move follows remarks by U.S. President Donald Trump suggesting a possible rapid conclusion to the Iran war. Trump stated on Tuesday that he anticipates the conflict will end within the next two or three weeks, regardless of whether a deal with Tehran is achieved, and that the Strait of Hormuz will reopen “automatically”. The president is scheduled to address the nation at 01:00 GMT on Thursday to deliver an “important update” on Iran.
Technical Picture: Key Support Levels in Focus
On the daily chart, USD/CHF shows a forceful pullback from a notable resistance zone in the mid-0.8000s. Current price action is moving toward a trendline originating from the lows posted in early March. A decisive break below this support line, currently around 0.7910, would signal a potential change in the prevailing trend and could attract additional selling interest for a deeper correction.
Daily technical indicators remain tilted to the upside despite the latest decline. The Relative Strength Index (RSI) is holding above the 50 line, pointing to residual bullish momentum after easing from overbought conditions. The Moving Average Convergence Divergence (MACD) line is also positioned above its Signal line in positive territory. In contrast, intraday signals are pointing to an increase in bearish momentum.
If the pair breaches the trendline support near 0.7910, it would open the way toward the March 23 low at 0.7835. On the topside, the prior support area around 0.7980 is expected to act as initial resistance, ahead of the 0.8045 resistance zone highlighted earlier.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Performance Against Major Currencies
The following table summarizes the intraday percentage moves of the US Dollar against a basket of major currencies. According to these changes, the US Dollar has shown the strongest performance versus the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.41% | -0.59% | -0.11% | -0.13% | -0.67% | -0.37% | -0.90% | |
| EUR | 0.41% | -0.18% | 0.29% | 0.28% | -0.25% | 0.05% | -0.48% | |
| GBP | 0.59% | 0.18% | 0.49% | 0.47% | -0.06% | 0.24% | -0.29% | |
| JPY | 0.11% | -0.29% | -0.49% | -0.01% | -0.52% | -0.26% | -0.75% | |
| CAD | 0.13% | -0.28% | -0.47% | 0.00% | -0.52% | -0.24% | -0.75% | |
| AUD | 0.67% | 0.25% | 0.06% | 0.52% | 0.52% | 0.31% | -0.22% | |
| NZD | 0.37% | -0.05% | -0.24% | 0.26% | 0.24% | -0.31% | -0.53% | |
| CHF | 0.90% | 0.48% | 0.29% | 0.75% | 0.75% | 0.22% | 0.53% |
The heat map illustrates percentage changes among major currencies. The base currency is listed in the left column, and the quote currency in the top row. For instance, selecting the US Dollar in the left column and moving across to the Japanese Yen cell provides the percentage change for USD (base)/JPY (quote).
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