Automatic wave scan: as of 5 Nov 2026, the automatic daily count for USD/CHF is Wave 5 down with a bearish bias. The count stays valid while price holds 0.83948.
Current USD/CHF wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 0.82047 on 27 Jul 2026. Next levels to watch are 0.80979 and 0.80628. The count fails on a daily close above 0.83948.
Key levels
| Type | Levels |
|---|---|
| Resistance | 0.83948 · 0.82317 |
| Support | 0.79480 · 0.80090 |
| Invalidation | 0.83948 |
What is USD/CHF?
The Swiss franc is backed by a stable economy, low inflation and large foreign reserves. In times of crisis, investors buy francs as a store of value.
The Swiss National Bank has a long record of acting to stop the franc from getting too strong. It held a floor of 1.20 against the euro from 2011 until January 2015, when it removed the floor without warning and the franc jumped by more than 20 percent in minutes.
What moves the USD/CHF price?
- Safe haven demand: Global stress usually strengthens the franc and pushes USD/CHF lower.
- SNB policy: The Swiss National Bank uses rates and currency sales to manage the franc.
- US data and the Fed: Dollar strength from US data lifts the pair.
- EUR/USD link: USD/CHF often moves as a mirror of EUR/USD because EUR/CHF is fairly stable.
How USD/CHF moves in Elliott Wave terms
USD/CHF often forms long corrective structures, such as triangles and double threes, because safe haven flows and SNB actions pull in opposite directions. Impulses do occur, but they are less frequent than in other dollar pairs.
Compare the count with EUR/USD. If EUR/USD is in a clear wave 3 up, USD/CHF is often in a wave 3 down.
Tips for counting USD/CHF waves
Cross-check with EUR/USD before trading. Expect choppy corrections and avoid forcing an impulse count.
USD/CHF key facts
USD/CHF Elliott Wave FAQ
Why is the Swiss franc a safe haven?
Switzerland has a stable political system, low inflation, low debt and large reserves, so investors trust the franc in uncertain times.
What happened in January 2015?
The Swiss National Bank removed its 1.20 floor against the euro. The franc rose more than 20 percent in minutes, one of the largest moves ever seen in a major currency.
Is USD/CHF the opposite of EUR/USD?
It often moves in the opposite direction, because both are driven by the dollar and EUR/CHF tends to be stable.
Sources and further reading
- BIS Triennial Central Bank Survey of foreign exchange turnover (Bank for International Settlements)
- Monetary policy (Swiss National Bank)
- Federal Open Market Committee (Federal Reserve)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
