USD/CHF building on Friday’s recovery move, near 0.9300 handle

Haresh Menghani FXStreet

• A modest USD uptick helps gain follow-through traction.
• Fading safe-haven demand supportive of the up-move.

The USD/CHF pair was seen building on Friday's recovery move from near 20-month lows, with bulls now eyeing a move beyond the 0.9300 handle.

General US Dollar demand prevailed through the early European session on Monday and has been one of the key factors behind the pair's modest uptick for the second consecutive session.

Adding to this, improving investors' appetite for riskier assets, as depicted by a positive opening across European equity bourses, was further seen weighing on the Swiss Franc's safe-haven appeal and remained supportive of the bid one surrounding the major.

The up-move, however, seemed lacking strong conviction as investors refrained from placing aggressive bets amid holiday-thinned trading conditions and ahead of the upcoming FOMC meeting minutes, which might influence the greenback's near-term trajectory and eventually provide some fresh directional impetus.

Technical levels to watch

Momentum beyond the 0.9300 handle is likely to get extended towards 0.9320-25 horizontal resistance, above which a fresh bout of short-covering could lift the pair towards reclaiming the 0.9400 round figure mark.

On the flip side, 0.9260 level now becomes an immediate support to defend, which if broken is likely to accelerate the fall back towards 0.9220 level en-route multi-month lows support near the 0.9200-0.9190 region.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.