USD/CHF Price Forecast: RSI nears overbought territory
USD/CHF trades slightly lower on Thursday as the Swiss Franc (CHF) regains some ground after falling for six straight days.
The Relative Strength Index (RSI) for the USD/CHF currency pair is nearing the overbought territory, indicating a possible shift in market momentum. The Swiss Franc (CHF) has shown resilience after falling for six consecutive days, while the US Dollar (USD) experienced a breather following the Federal Reserve's hawkish monetary policy announcement on Wednesday.
The pair currently trades around 0.8245, close to a level last seen in May 2025. The Fed's unanimous decision to raise the benchmark rate by 25 basis points to 3.75%-4.00% may widen the interest rate gap with Switzerland, making the Swiss Franc more vulnerable to further losses. The technical analysis suggests that while momentum remains strong, it is still too early to determine if the USD can break above 0.8300.
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