Backtest USD/CHF for free
USD/CHF pairs the dollar with the Swiss franc, a classic safe-haven currency. It often moves in the opposite direction to EUR/USD, which makes it useful for understanding correlation.
USD/CHF at a glance
- Pip: 0.0001
- Pip value (1 standard lot): about $11, varies with the price
- Busiest: London open and the overlap
- Moves on: Swiss National Bank, risk-off flows, US data
How USD/CHF behaves
The euro and the franc are closely linked, so USD/CHF and EUR/USD tend to move in opposite directions. In market stress, the franc is often bought, which pushes USD/CHF down.
What moves USD/CHF
- Swiss National Bank decisions and any currency intervention
- Risk sentiment and safe-haven flows
- US data and the Federal Reserve
Tips for backtesting USD/CHF
- Do not trade EUR/USD and USD/CHF in the same direction as if they were separate ideas: they are often the same bet
- Test how the pair behaves on risk-off days
- Check the correlation before you add a second position
Frequently asked questions
Why do EUR/USD and USD/CHF move opposite?
Both pairs have the dollar on one side and two closely linked European currencies on the other, so a stronger dollar tends to push EUR/USD down and USD/CHF up, and the reverse.
Is USD/CHF good for beginners?
It is liquid, but slower than GBP pairs and less popular. It is a good pair to study correlation.