- USD/CHF pauses the previous two day’s decline on Friday.
- Bulls take support near the lower trend line of the descending channel.
- Momentum oscillator tilts in favor of the bearish momentum.
USD/CHF edges higher on Friday in the European trading hour. The pair hovers in a very close trading range with positive bias.
At the time of writing, USD/CHF is trading at 0.9070, up 0.09 % for the day.
USD/CHF daily chart
-637632224307613632.png)
On the daily chart, the USD/CHF pair has been trading in a broader trading channel of 0.9100 and 0.9270.
If price breaks the session’s high, it could test the upside target at the 0.9100 and the 0.9150 horizontal resistance level.
A daily close above the 20-day Simple Moving Average (SMA) at 0.9160 would bring 0.9200 back in the picture.
The Moving Average Convergence Divergence (MACD) trades below the midline with a bearish crossover. The reading suggests that there is room for further downside to the horizontal 0.9050 support level.
A break of 0.9050 could test the low of June 16 at 0.8977 followed by the 0.8940 horizontal support level.
USD/CHF additional levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
AUD/USD: Bullish outlook seen above the 200-day SMA
AUD/USD added to Friday’s advance and came just pips away from the key 0.6500 barrier on the back of the continuation of the selling pressure in the US Dollar and renewed trade concerns.
EUR/USD looks supported just below 1.1300
EUR/USD managed to extend its bounce off last week’s troughs, advancing for the second day in a row in response to the extra downward trend in the Greenback and a broad-based risk-on sentiment among traders.
Gold moves in a consolidative fashion above $3,300
Gold adds to Friday’s advance, reclaiming the $3,300 mark per troy ounce and beyond on the back of rising safe-haven demand following heightened geopolitical tensions in the Middle East. In addition, a persistent uncertainty over US trade policy continues to linger, adding to the upside momentum in the precious metal.
Crypto Today: BTC price stumbles below $94K, SUI surges as Trump hints at Hollywood tariffs
Cryptocurrency market capitalization settled at $3.1 trillion on Monday, dipping 3% with outflows exceeding $100 billion in the last 24 hours.
Has the tariff pain peaked?
Tariff rates may have peaked, but uncertainty hasn’t: Markets may be breathing easier, but investors should not mistake easing conditions for resolution. Even if headline tariff rates stay put, the real risk lies in prolonged policy unpredictability.
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.