CHF is the new gold? Safe-haven flows keep pressure on USDCHF

Bank of America argues that the Swiss franc has reasserted itself as the true safe-haven hedge.

BofA says the trend of the CHF being used more like gold, and a hedge against problems like rising US debt, could continue. Unlike the yen, which has lost much of its appeal as a pure haven.

Technically, recent candles might indicate buyers are attempting to build a base, but there’s no decisive reversal yet.

Should price fail to reclaim the 0.8030–0.8050 region soon, the broader bearish structure could resume - possibly testing fresh lows. Meanwhile, rallies in USD/CHF may face pressure as the franc’s macro backdrop continues to attract inflows.