CHF/USD Regains Strength
On October 31, 2025, the USD/CHF currency pair traded around 0.8030, approaching the previous two-week high of 0.8037. The strengthening US dollar put pressure on the Swiss franc, although the Swiss National Bank (SNB) maintained its expansionary monetary policy and stood ready to intervene if necessary.
Previously, on October 28, the USD/CHF exchange rate reached 0.8045, but declined on October 29 to 0.7968. On October 31, the pair traded around 0.8030, indicating a slight strengthening from the previous level.
Technically, USD/CHF is in a medium-term consolidation range, with resistance around 0.8080 and support at 0.7995. If the price breaks through this resistance level, the pair has the potential to continue rising towards 0.8275. Conversely, if it fails to break through resistance and moves lower, the next target is in the 0.7700–0.7500 range.
Overall, despite the strengthening of the US dollar, the Swiss franc remains a stable currency. Investors are advised to monitor developments in the SNB's monetary policy and upcoming US economic data to determine the future direction of the USD/CHF. (CP)
Source: Newsmaker.id