US Dollar to Swiss Franc Latest Trends in USD/CHF Exchange Rates 16 JULY 2024 Forex Analysis

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The intraday bias for USD/CHF remains neutral initially. There is a slight favor towards another decline as long as resistance at 0.9000 holds. A break below 0.8914 could lead to a retest of the low at 0.8825. Conversely, a break above 0.9000 would shift the bias to the upside, targeting resistance at 0.9049.

In the broader picture, USD/CHF’s medium-term outlook is neutral with resistance at 0.9243 still intact. Sideways trading between 0.8332 and 0.9243 is expected, but a firm break above 0.9243 would suggest a larger bullish trend reversal.

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