The US Dollar pares some of its earlier losses against a basket of six currencies as measured by the US Dollar Index (DXY) and rises over 0.12% against the Swiss Franc amid a session characterized by an appetite for high-beta currencies. At the time of writing, the USD/CHF trades at 0.8791 after bouncing off daily lows of 0.8776.
USD/CHF Price Forecast: Technical outlookLast week, the pair witnessed losses of over 1.80% but ended Friday’s session near the day’s high. It formed a hammer preceded by a downtrend, indicating that USD/CHF didn’t find acceptance below 0.8750. Therefore, the major edged up, beginning the week on the front foot.If USD/CHF climbs above 0.8800, the 200-day Simple Moving Average (SMA) will be exposed at 0.8820. Once surpassed, the next stop would be the latest swing high at 0.8888, the December 2 peak, ahead of 0.8900.Conversely, if USD/CHF falls below 0.8750, look for a re-test of the December 6 ow of 0.8726 before aiming toward 0.8700.USD/CHF Price Chart – Daily 
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