- USD/CHF pulls back from weekly highs and is down 0.43% after US data points to continued disinflation and a cooling job market.
- The main upside barriers for the pair include the 0.8782 level, the 0.8800 psychological level, and the 50-day EMA at 0.8815.
- If a possible recession were to occur, the pair could head for the important 0.8700 level, with the possibility of extending losses to a year-ago low of 0.8554 if that support were to be broken.
He USD/CHF It pulls back from weekly highs, but remains trading sideways within a tight 40-point range after US economic data indicates disinflation continues, while the labor market shows signs of easing. Therefore, USD/CHF falls 0.43% and trades at 0.8733.
USD/CHF Price Analysis: Technical Perspective
Despite the USD/CHF posting losses, it remains biased neutral, slightly to the upside, as the pair continues to trade off year-long lows of 0.8554. At time of writing, after marking a daily low of 0.8689, the pair reversed trend with buyers retrieving the 20-day EMA at 0.8737 after testing last week’s low of 0.8699.
If USD/CHF resumes its uptrend above 0.8782 and conquers 0.8800, this could exacerbate a test of the 50 day EMA at 0.8815. Breaking above this latest signal would expose the pair to 0.8900, followed by the 100 day EMA at 0.8926.
Conversely, a daily close below 0.8700 and USD/CHF could test the year-to-date low of 0.8554.
USD/CHF Price Action – Daily Chart
USD/CHF
Overview | |
---|---|
Last price today | 0.8734 |
Today Change Daily | -0.0038 |
Today Daily Variation % | -0.43 |
today’s daily opening | 0.8772 |
Trends | |
---|---|
daily SMA20 | 0.868 |
daily SMA50 | 0.8854 |
daily SMA100 | 0.893 |
daily SMA200 | 0.9136 |
levels | |
---|---|
previous daily high | 0.8783 |
previous daily low | 0.8732 |
Previous Weekly High | 0.8806 |
previous weekly low | 0.8665 |
Previous Monthly High | 0.9005 |
Previous monthly minimum | 0.8552 |
Fibonacci daily 38.2 | 0.8763 |
Fibonacci 61.8% daily | 0.8751 |
Daily Pivot Point S1 | 0.8742 |
Daily Pivot Point S2 | 0.8711 |
Daily Pivot Point S3 | 0.8691 |
Daily Pivot Point R1 | 0.8793 |
Daily Pivot Point R2 | 0.8813 |
Daily Pivot Point R3 | 0.8844 |
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.