The USDCHF stalled the highs last Wednesday, Thursday and Friday all peaked near 0.8090 The break higher led to increased buying momentum on the break.
The price has reached to 0.8116 which also happens to be the high from last week (Tuesday). Getting above that would open the door to other recent highs including a swing area between 0.81468 and 0.8155 followed by the high fro August 1 which extended to 0.81703,
Recall that high was reached after President Trump imposed a 39% tariff on most Swiss exports, effective August 7, 2025. This sweeping duty applies to key sectors like luxury watches, machinery, precision tools, and more, though some items such as pharmaceuticals are exempt.
IN a video on the technicals in the USDCHF done on Friday, I spoke to these levels and more. To watch that video CLICK HERE.
This article was written by Greg Michalowski at investinglive.com.