USDCHF Technical Analysis : The US dollar has been trading within a narrow range against the Swiss franc since the end of last week, following a decline in expectations for a further Federal Reserve rate hike, while the Swiss National Bank (SNB) continued to adopt a conservative approach without changing monetary policy.
The decline in US bond yields following inflation data gave the franc room to stabilize, especially amid weak risk appetite, which strengthens the franc’s status as a safe haven
Technical Indicator Analysis
Moving Averages
The price is below all moving averages (50, 100, and 200).
The averages are trending down, reinforcing the negative outlook.
MACD
Negative momentum remains dominant.
No clear bullish crossover has yet emerged.
Stochastic
Moving sideways in the middle of the range (40–60).
No strong signs of a reversal or overbought conditions.
Possible Scenarios
Bullish Scenario
A break of the 0.8135 level will trigger a new selling wave towards 0.8112 and then 0.8080.
Continued pressure from the moving averages supports this scenario.
Bearish Scenario
The pair needs to break 0.8187–0.8202 to change direction.
A close above 0.8202 alone will restore balance to the negative picture.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | USDCHF |
| 0.81754 | 0.81129 | Entry point |
| First resistance: 0.82082 | First support: 0.80800 | Target Point 1 (TP1) |
| Second resistance 0.82301 | Second support 0.80551 | Target Point 2 (TP2) |
| 0.81129 | 0.81754 | Stop Loss (SL) |
The USDCHF pair is in a consolidation phase before a price explosion.
The overall trend remains negative, but sideways consolidation could produce a strong move ahead, either by breaking 0.8135 or breaching 0.8202.
From an expert’s perspective, it is preferable to wait and see, or trade in the downside upon any confirmed break of support, especially if the cautious mood persists in global markets.
