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

05.01.2026

Last weekend, the U.S. dollar rose against the Swiss franc. The USD/CHF pair traded between 0.7900 and 0.7941. It rose from the -2σ to the +2σ levels of the hourly Bollinger Bands.On the 4-hour chart, the pair is finding support at the 20-MA while remaining just below the 75-MA; on the daily chart, the RSI has risen from 32 to 44.

European currencies saw the euro hit its weakest level during U.S. trading hours after the Eurozone’s December manufacturing PMI, released on the 2nd, came in lower than expected at 48.8, down from 49.2 the previous month.The euro fell against the U.S. dollar 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 teetering on the brink of breaking below the 20-period MA, which had previously served as support.

Today’s economic indicators include Swiss retail sales at 16:30, the Swiss Manufacturing PMI at 17:30, UK consumer credit balances, UK money supply, and UK mortgage approvals at 18:30, and the U.S. ISM Manufacturing Index at 24:00.We will be watching price movements during European trading hours to see if the US dollar/Swiss franc pair, which has risen for five consecutive days, will continue its rally.