Given the clear daily downtrend, USDCHF currency pair can be expected to fall further to the next support level 0.7745 (low of the previous correction iv).
The USD/CHF bias has shifted to decidedly bearish after a significant rejection at the 0.80000 psychological barrier. The pair is now testing the critical 0.78285 support—the 'line in the sand' for bulls.
USD/CHF treads water around 0.7900 with markets awaiting news from Iran
USD/CHF holds gains near 0.7925 as failed US-Iran talks and inflation fears support USD
USD/CHF is sitting on an important support zone, with US yield trends and Middle East headlines likely to decide whether the pair bounces or slips toward 0.78.
Intraday bias in USD/CHF remains neutral and outlook is unchanged. With 0.7877 cluster support (38.2% retracement of 0.7603 to 0.8041 at 0.7874) intact, rally from 0.7603 is expected to resume through 0.8041 later.
USD/CHF Price Forecast: Softens to near 0.7900 with rangebound tone ahead of US CPI release
USD/CHF wavers above 0.7900 amid a shaky ceasefire in Iran
USD/CHF slips to near 0.7900 as US-Iran ceasefire uncertainty prevails
USD/CHF Price Forecast: Slides below 200-day SMA, bears gain steam
USD/CHF Price Forecast: Bearish momentum gains traction below 0.7900
USD/CHF tumbles below 0.7900 on Trump's ceasefire announcement, FOMC Minutes in focus