Why Is USDCHF Surging to a One-Year High? Swiss Trade Surplus Shrinks, USDX Holds Above 101, and Golden Cross Points to 0.826

USDCHF reached a one-year high

Last Friday, USDCHF climbed for the 5^th straight trading day. At one point, it reached a one-year high of 0.8185.

The USDX remained high and was prone to fluctuation

Last Friday, the USDX remained high and saw sideways. It ended up 0.02% at 101.47.

Swiss trade balance declined in June

Swiss Trade Balance (June) in terms of Swiss franc fell from 5.989 billion to 5.224 billion, according to the data from the Swiss Federal Statistical Office.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, USDCHF was prone to fluctuation and climbed. The bullish market trend prevailed in the short term. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that USDCHF will rise further. Investors should focus on whether USDCHF will break through the resistance at 0.820. It will rise with potential resistance at 0.826 if it breaks above 0.820.

USDCHF reached a one-year high

Last Friday, USDCHF climbed for the 5^th straight trading day. At one point, it reached a one-year high of 0.8185.

The USDX remained high and was prone to fluctuation

Last Friday, the USDX remained high and saw sideways. It ended up 0.02% at 101.47.

Swiss trade balance declined in June

Swiss Trade Balance (June) in terms of Swiss franc fell from 5.989 billion to 5.224 billion, according to the data from the Swiss Federal Statistical Office.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, USDCHF was prone to fluctuation and climbed. The bullish market trend prevailed in the short term. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that USDCHF will rise further. Investors should focus on whether USDCHF will break through the resistance at 0.820. It will rise with potential resistance at 0.826 if it breaks above 0.820.

4-hour chart

On the 4-hour chart, USDCHF was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, moving averages went upwards, showing that the market trend is bullish. Investors should focus on whether USDCHF will break through the support at 0.813. It will rise if it retreats but is stable above 0.813.

Key resistance: 0.820,0.826

Key support: 0.813,0.809

Generally speaking, the bullish market trend prevailed in the short term. Investors could buy as USDCHF retreats during the day. 4-hour chart

On the 4-hour chart, USDCHF was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, moving averages went upwards, showing that the market trend is bullish. Investors should focus on whether USDCHF will break through the support at 0.813. It will rise if it retreats but is stable above 0.813.

Key resistance: 0.820,0.826

Key support: 0.813,0.809

Generally speaking, the bullish market trend prevailed in the short term. Investors could buy as USDCHF retreats during the day.