CHF/MYR Surges to 14-Week High Before Slight Retreat to Close the Week Positively

**CHF/MYR Declines Slightly After Reaching a 14-Week High but Concludes the Week on a Positive Note**

*Original reporting by Miroslav Marinoff – TradingPedia*

The Swiss Franc (CHF) to Malaysian Ringgit (MYR) currency pair experienced a minor pullback on Friday after climbing to a 14-week peak earlier in the week, reflecting a mixed sentiment across the global Foreign Exchange (Forex) markets. Despite the slight retreat, the CHF/MYR cross concluded with a weekly gain, underpinned by the strength of the safe-haven Swiss currency and some ongoing uncertainties surrounding the Malaysian economy and external market dynamics.

Below is a detailed analysis of the key events that influenced the movement of the CHF/MYR during the week and a breakdown of potential factors that may continue to sway the exchange rate in the short to medium term.

## Overview of CHF/MYR Performance This Week

– On Thursday, the CHF/MYR pair peaked at 5.2655, marking its highest point in over 14 weeks (since July 11).
– On Friday, the pair saw a modest correction and settled lower at 5.2554, still up week-on-week.
– Overall, CHF/MYR gained 0.31 percent over the past five trading days, reflecting resilient demand for the Swiss Franc.

## Global Risk Sentiment and the Swiss Franc

The Swiss Franc is traditionally viewed as one of the primary safe-haven assets alongside the U.S. Dollar and Japanese Yen. As such, its strength often corresponds with rising global risk aversion driven by geopolitical or economic uncertainty. This week was no exception:

– Investors sought safety amid escalating geopolitical crises, particularly the ongoing conflict in the Middle East involving Israel and Hamas.
– The possibility of a broader regional escalation involving neighboring countries increased market caution, supporting haven flows into the Swiss Franc.
– U.S. Treasury yields continued to rise, prompting volatility in currency markets and increasing concerns about tighter global financial conditions.

## Malaysian Ringgit Under Pressure

While the Swiss Franc continued to attract safe-haven flows, the Malaysian Ringgit remained under pressure due to both domestic and global factors:

– Weakening demand for emerging market currencies, particularly in Asia, affected MYR’s performance.
– Market concerns intensified over the macroeconomic implications of sustained high U.S. interest rates, leading investors to pull capital from riskier emerging markets such as Malaysia.

Additional domestic concerns weighing on the MYR include:

– Malaysia’s sluggish export performance, with key sectors such as electronics and palm oil facing stiffer global competition and lower demand.
– Political uncertainty also continues to undermine investor sentiment, as the ruling coalition navigates internal challenges and slow-moving structural reforms.

## Technical Analysis: CHF/MYR Chart Suggests Upward Bias

On a weekly technical level, the CHF/MYR pair demonstrated several bullish signals:

– The Relative Strength Index (RSI) continues to hover in neutral territory, currently around 58, indicating room for further upside before entering overbought conditions.
– Moving Average Convergence Divergence (MACD) shows positive momentum, with the MACD line staying above the signal line for a third consecutive week.
– Price action remains above the 50-day and 100-day Exponential Moving Averages (EMAs), signaling the continuation of a medium-term upward trend.

Resistance and Support Levels to Watch:

– Key resistance is located at 5.2655, the weekly high and the strongest ceiling since July.
– If that level is breached, the pair could test the next resistance near 5.2800, an area of previous consolidation from early summer.
– On the downside, immediate support lies at 5.2400, followed by a more substantial cushion at the 50-day EMA near 5.2100. A break below this level may indicate a short-term trend reversal.

## Fundamental Landscape Influencing the CHF

The Swiss National Bank (SNB) continues to play a critical role in

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