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

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

05.01.2026

In the U.S. currency markets 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 weakened, with the euro hitting its lowest 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 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 price 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 US ISM Manufacturing Index at midnight. With the USD/CHF pair having risen for five consecutive days, we will be watching price movements during European trading hours to see if this rally continues.

Past Market Reports

1. 17.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

2. 16.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

3. 15.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

4. 14.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

5. 13.04.2026New

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

6. 10.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

7. 09.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

8. 08.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed