USD/CHF Surges Following Confirmed Support, USD/CAD might Test Bullish Trendline
· Forex · QuoteReporter
USD/CHF Surges Amid Microsoft-Nvidia Deal Boosting AI Start-up Anthropic
Published: November 18, 2025
Market Overview
The forex market has been influenced by a set of notable developments recently. Key among them is the investment deal with Microsoft and Nvidia, pushing AI startup Anthropic’s value to around $350 billion. The strategic partnership between these tech giants may potentially impact the tech sector and, consequently, the currency markets. Meanwhile, the Dow dropped 500 points, and the S&P 500 fell for a fourth consecutive day, with Nvidia witnessing a 2% decline ahead of its Q3 results. Aside from this, Bitcoin experienced a brief dip below $90,000, adding volatility in the crypto space.
In other news, Google announced Gemini 3, its new suite of AI models, intensifying competition with OpenAI. The announcement may have implications for the tech sector and FX markets. Saudi Arabia’s commitment to a $600 billion investment in the United States was highlighted during the meeting between President Trump and Crown Prince Mohammed bin Salman, which could have significant implications for the USD. Finally, Dubai’s flagship airline, Emirates, confirmed a $38 billion deal with Boeing, a development that could influence the USD-AED exchange rate.
Major Currency Pairs Performance
| Currency Pair | Price | Daily % | Weekly % | Monthly % |
|---|---|---|---|---|
| EUR/USD | 1.15732 | -0.15% | -0.17% | -0.48% |
| USD/JPY | 155.56700 | +0.23% | +0.51% | +1.90% |
| GBP/USD | 1.31405 | -0.10% | +0.07% | -1.95% |
| USD/CHF | 0.79975 | +0.48% | +0.27% | -0.23% |
| AUD/USD | 0.64988 | +0.11% | -0.62% | -1.30% |
| USD/CAD | 1.39977 | -0.40% | -0.04% | +0.35% |
| NZD/USD | 0.56553 | -0.00% | -0.17% | -2.24% |
Performance Charts
Best Daily Performer
Technical Analysis: 1. The USD/CHF pair exhibits a mixed trend, with recent daily and weekly gains contrasting a slight monthly decline, suggesting a possible consolidation phase within its 20-day range.
2. The currency pair is trading around the midpoint of its 20-day range, with price movements likely influenced by its 50-day and 200-day SMAs, as well as established support and resistance trend lines.
3. Short-term outlook is mildly bullish due to the recent daily gain, however, any significant upward momentum would likely need to break the resistance trendline and the 200-day SMA for further confirmation.
Worst Daily Performer
Technical Analysis: 1. The USD/CAD pair appears to be in a mild uptrend on a monthly basis, despite the daily and weekly loss, as indicated by its position above the 200-day SMA.
2. Key technical levels to watch are the support trendline at 1.3950 and resistance trendline at 1.4050, with the pair currently trading in the middle of the 20-day range.
3. The short-term outlook is mixed, with potential for it to test the support level given the recent negative performance, but the overall monthly uptrend could see a bounce back towards the resistance level.
Normalized Performance – All Majors (3 Months)
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