Will the US dollar’s rally against the Swiss franc, which has now lasted five days, continue? Or should we wait and see how the market moves?

Will the US dollar-Swiss franc pair, which has risen for five consecutive days, continue its rally, or should we wait and see how the market moves?

05.01.2026

In the U.S. currency market last weekend, the U.S. dollar rose against the Swiss franc. The USD/CHF pair traded between 0.7900 and 0.7941. On the hourly chart, it rose from the -2σ to the +2σ Bollinger Bands. On the 4-hour chart, it remains just below the 75-period moving average (MA) while finding support at the 20-period MA. On the daily chart, the Relative Strength Index (RSI) has risen from 32 to 44.

European currencies came under pressure, with the euro hitting its lowest level during U.S. trading hours after the Eurozone’s December manufacturing PMI, released on the 2nd, fell to 48.8 from 49.2 the previous month.The EUR/USD pair fell from 1.1764 to 1.1713. The 200-period EMA on the hourly chart acted as resistance, triggering a pullback. On the 4-hour chart, the decline along the 20-period MA continues, and on the daily chart, the pair is hovering on the verge of breaking below the 20-period MA, which had previously provided support.

Today’s economic indicators include Swiss retail sales at 4:30 p.m., the Swiss Manufacturing PMI at 5:30 p.m., UK consumer credit balances, UK money supply, and UK mortgage approvals at 6:30 p.m., and the U.S. ISM Manufacturing Index at midnight. We will be watching price movements during European trading hours to see if the USD/CHF pair, which has risen for five consecutive days, will continue its rally.