Technical outlook: US100, USD/CHF, BTC/USD [Video]

Stock futures stayed calm on Sunday as investors prepared for a busy week ahead. The main highlight is on Thursday, when President Donald Trump meets with Chinese President Xi Jinping in Washington as world leaders gather for the UN General Assembly. Investors are also watching Wednesday’s S&P flash PMIs to assess the overall health and momentum of the US economy. Given concerns over rising prices, partly driven by conflicts in the Middle East, market participants will look closely at whether businesses are passing higher costs on to everyday consumers. If the figures point to a robust economy, investors will likely expect the Federal Reserve to keep interest rates elevated.

US100 is experiencing a notable rebound off the key support zone at 28,800, a level that has held firm since early August, and is now poised to retest its short-term downtrend line. A rejection near this resistance could pull the price back down to 28,800, ahead of the 200-day simple moving average (SMA) at 27,300. Conversely, a decisive break above the falling trend line could shift attention toward retesting all-time highs at 30,760. Technical indicators show that positive momentum on the MACD and RSI is beginning to fade.

The Swiss National Bank is set to decide on interest rates this Thursday, with markets broadly expecting policymakers to hold the policy rate at 0.0% through year-end. Even though August inflation picked up to a near two-year high of 0.8%, price growth remains comfortably within the central bank's target band. To protect domestic exporters from a strong currency, the SNB will likely maintain its stance on foreign exchange intervention. However, any upward revisions to inflation forecasts driven by Middle East geopolitical risks could prompt traders to price in an earlier rate hike than the 25-basis-point increase currently expected in March.

USDCHF rebounded off the 0.8205 support level following two negative sessions and appears set to test its 16-month high at 0.8265. A rally beyond this area would open the door toward the December 2023 inner swing low at 0.8330, reinforcing the bullish structure. However, a downside correction cannot be ruled out: a drop below the short-term SMAs around 0.8120 could send the pair down toward the ascending trend line at 0.8050. Both the MACD and RSI continue to support upward momentum.

Bitcoin rallied back above the 82,000 threshold, driven by a combination of regulatory developments and strong institutional demand. Investor sentiment improved after the US SEC announced a new framework permitting the trading of tokenized digital securities. This regulatory shift triggered a swift short squeeze, which was further supported by over $500 million in spot Bitcoin ETF net inflows. Additionally, legislative progress in Congress on a proposed Strategic Bitcoin Reserve helped bolster market liquidity and confidence.

BTCUSD is testing the round-number barrier at 82,000, which sits close to its September 4 peak. A breakout above this level could drive prices toward the May 2026 high at 82,800. Further up, resistance near the December inner swing low at 84,400 may stall bullish momentum. Alternatively, a move below the 80,500 support level could neutralize the short-term bias, channeling the asset into a sideways consolidation pattern.