USD/CHF Price Analysis: Emerging inverse head-and-shoulders pattern in the daily, targets 1.0370


  • The USD/CHF cuts some of its Tuesday’s losses, down 0.18% during the session.
  • Once the USD/CHF broke above the 0.9900 figure, it paved the way for a parity re-test.
  • An inverse head-and-shoulders in the USD/CHF daily targets 1.0370.

The USD/CHF is trimming some of the day’s earlier losses, bouncing off daily lows around 0.9849 and climbing above the 0.9900 figure, for the second consecutive day, as sentiment shifts negative, with the S&P 500 hitting a new two-year low during the day. At the time of writing, the USD/CHF is trading at 0.9913, slightly down by 0.18%.

USD/CHF Price Analysis: Technical outlook

The USD/CHF daily chart portrays the major as upward biased, further cementing its bias once it clears the July 14 swing high at 0.9886. Earlier in the day, USD/CHF sellers tried to reclaim the latter, but buying pressure overcame sellers, and the USD/CHF edged above the 0.9900 threshold. It should also be noted that an inverse head-and-shoulders chart pattern is emerging, which could pave the way for further gains.

If the USD/CHF breaks above parity, that could put in play the YTD high at 1.0064. Once cleared, the next resistance level would be the 1.0100 figure, followed by the May 2019 swing high at 1.0226, ahead of the inverse head-and-shoulders target at 1.0369.

USD/CHF Key Technical Levels

USD/CHF

Overview
Today last price 0.9912
Today Daily Change -0.0022
Today Daily Change % -0.22
Today daily open 0.9934
 
Trends
Daily SMA20 0.9718
Daily SMA50 0.9635
Daily SMA100 0.9686
Daily SMA200 0.95
 
Levels
Previous Daily High 0.9966
Previous Daily Low 0.9794
Previous Weekly High 0.9851
Previous Weekly Low 0.962
Previous Monthly High 0.9808
Previous Monthly Low 0.9371
Daily Fibonacci 38.2% 0.99
Daily Fibonacci 61.8% 0.9859
Daily Pivot Point S1 0.983
Daily Pivot Point S2 0.9726
Daily Pivot Point S3 0.9658
Daily Pivot Point R1 1.0002
Daily Pivot Point R2 1.007
Daily Pivot Point R3 1.0174

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD faces the next hurdle at 0.6400

AUD/USD faces the next hurdle at 0.6400

AUD/USD rose markedly and approached the key 0.6400 hurdle at the beginning of the week, always in response to rising weakness in the US Dollar and hopes of fresh stimulus in China.

AUD/USD News
EUR/USD keeps the upside target at 1.1000

EUR/USD keeps the upside target at 1.1000

EUR/USD extended further Friday’s recovery and traded at shouting distance from the YTD peaks near 1.0950 in response to increased selling pressure in the Greenback and the improved political scenario in Germany.

EUR/USD News
Gold consolidates around $3,000 ahead of Fed

Gold consolidates around $3,000 ahead of Fed

Gold prices has started the week on a positive tone and maintains their trade around the key $3,000 mark per troy ounce on the back of the modest pullback in the Greenback and mixed US yields across the curve,

Gold News
Crypto markets could gain $1 trillion as Gold price reaches $3,000: Tokenized-Gold expert explains

Crypto markets could gain $1 trillion as Gold price reaches $3,000: Tokenized-Gold expert explains

Tokenized-Gold assets hit a $1.8 billion market cap on Monday after the Gold (XAU) price marked new all-time highs above $3,000 per troy ounce. In an exclusive interview with FXStreet, RAAC CEO Kevin Rusher explains how tokenized Gold assets could impact the next crypto market recovery phase.

Read more
Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium

Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.  

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025