USD/CHF: Focus on Upside Potential After Breaking Above Key Level
24.04.2026
- Japan: Consumer Price Index (CPI)
- UK Retail Sales
The dollar rose against the euro yesterday. The EUR/USD pair fell from 1.1716 to 1.1669. On the hourly chart, the price moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the price has fallen to just below the 200-period exponential moving average (EMA), and on the daily chart, it has fallen for three consecutive days. The downtrend from the +2σ line of the Bollinger Bands toward the centerline continued.
Among European currencies, the Swiss franc fell against the U.S. dollar. The USD/CHF pair rose from 0.7832 to 0.7873. On the hourly chart, the price moved from below the 20-period moving average (MA) to above it. On the 4-hour chart, the price broke above the 200-period exponential moving average (EMA), which had been acting as resistance, with a real body candle. On the daily chart, the price has risen for three consecutive days and has broken above the 20-period MA with a real body candle.On the weekly chart, the price has rebounded from a level below the 20-day moving average (MA) to just below the 20-day MA.
Today’s economic indicators include the UK GfK Consumer Confidence Survey at 8:01, Japan’s Consumer Price Index (CPI) at 8:30, Japan’s Business Service Price Index at 8:50, UK Retail Sales at 15:00,at 3:45 PM, the French Consumer Confidence Index; at 5:00 PM, the German IFO Business Climate Index and remarks by SNB Governor Schlegel; at 9:30 PM, Canadian Retail Sales; and at 11:00 PM, the University of Michigan Consumer Sentiment Index. We will be watching for further upside potential in the USD/CHF pair, which has been rising.
Author: Keisuke Sakurai
