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Forex•3 April 2026•

1 min read

USD/CHF Tests Key Resistance as AUD/NZD Gains on Policy Divergence

Key Facts

1USD/CHF reached the key 0.80 resistance level and the 200-day EMA driven by spiking US rates.

2A 0% Swiss franc yield makes the US Dollar attractive for carry trades against the Swissy.

3AUD/NZD continues to rise due to the divergence between RBA rate hikes and expected RBNZ cuts.

The US Dollar continues to test critical resistance against the Swiss Franc at 0.80 and its 200-day EMA, supported by high interest rates and carry trade demand. Meanwhile, the AUD/NZD pair maintains its bullish trajectory due to the policy divergence between a hawkish RBA and a dovish RBNZ. However, market liquidity for the greenback is expected to thin significantly due to the Good Friday holiday, impacting forecasts for major pairs like EUR/USD, USD/CAD, and GBP/USD. Adding to the complexity, escalating geopolitical risks in the Middle East are providing a safe-haven bid for the USD, expanding its drivers beyond interest rate differentials. These factors combined create a volatile environment for currency traders navigating the intersection of fundamental data, seasonal liquidity shifts, and global tensions.

4 days ago

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Version History

2 additional sources confirmed this story

Version 15 days ago

What changed: The story was updated to include the impact of the Good Friday holiday on market liquidity and the introduction of Middle East geopolitical risks as a secondary driver for the USD.