USD/CHF drifting into the low side towards 0.8800 ahead of next week's US GDP, CPI & PCE inflation

The US Dollar waffled against the Swiss Franc on Friday, stuck near the 0.8820 level.
The USD/CHF is on pace to drop back into the 0.8800 handle.
Next week sees US GDP and CPI inflation numbers.

Joshua Gibson FXStreet

The USD/CHF tracked lower on Friday as broader markets saw an uptick in risk appetite to close out the trading week, bringing the US Dollar (USD) down into familiar lows against the Swiss Franc (CHF) with the 0.8800 handle in full view.

The pair traded mostly flat for the week with a brief push into a high of 0.8874 while Friday saw the week's low etched in at 0.8811.

Next week sees a relatively sedate economic calendar before high-impact US data hits markets in the mid-week, with US Gross Domestic Product (GDP) scheduled for Wednesday and Personal Consumption Expenditure (PCE) inflation figures slated for Thursday.

An array of US market data due in the latter half of next week

Annualized US quarterly GDP is expected to tick upwards slightly from 4.9% to 5.0%, and US PCE for the month of October is forecast to drop slightly from 0.3% to 0.2%.

Next week will close out market action with Swiss quarterly GDP and US ISM Purchasing Managers' Index (PMI) numbers both slated for Friday, December 1st.

Swiss GDP is broadly expected to hold flat for the third quarter at 0.0%, while the US ISM Manufacturing PMI for November is forecast to tick upwards from 46.7 to 47.6.

Federal Reserve (Fed) Chairman Jerome Powell will also be making an appearance next Friday. The head of the Fed will be participating in an informal discussion labeled "Navigating Pathways to Economic Mobility" at the Spelman College of Atlanta.

USD/CHF Technical Outlook

The USD/CHF's Friday dip sets the pair up for a fresh downside run at the 0.8800 handle, and technical support is looking thin in the near-term, with the nearest firm barrier seen at July's low bids near 0.8550.

On the top end, a series of lower highs is drawing in a descending trendline from October's early swing high into 0.9250, which looks set to provide technical resistance looking ahead.

The 200-day Simple Moving Average (SMA) is trending down below just below the major 0.9000 handle, capping off any strong topside bullish recoveries, while the 50-day SMA is rotating into a bearish stance from just above 0.9000.

USD/CHF Daily Chart

USD/CHF Technical Levels

USD/CHF

Overview
Today last price	0.882
Today Daily Change	-0.0022
Today Daily Change %	-0.25
Today daily open	0.8842

Trends
Daily SMA20	0.8962
Daily SMA50	0.9014
Daily SMA100	0.8894
Daily SMA200	0.8984

Levels
Previous Daily High	0.8855
Previous Daily Low	0.8817
Previous Weekly High	0.9052
Previous Weekly Low	0.8853
Previous Monthly High	0.9244
Previous Monthly Low	0.8888
Daily Fibonacci 38.2%	0.884
Daily Fibonacci 61.8%	0.8832
Daily Pivot Point S1	0.8821
Daily Pivot Point S2	0.8801
Daily Pivot Point S3	0.8784
Daily Pivot Point R1	0.8859
Daily Pivot Point R2	0.8876
Daily Pivot Point R3	0.8896

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

AUD/USD remains above 0.7200 after China's trade data

AUD/USD sits above 0.7200 in the Asian session on Tuesday, near its highest level since May 14. The US Dollar stays under pressure as a rallying Japanese Yen outweighs support from hawkish Fed bets and geopolitical tensions. This, along with firming expectations for another RBA rate hike later this month, acts as a tailwind for the Aussie. However, mixed China trade balance data keep the pair restricted.

USD/JPY: Heavy near 153.50 as BoJ rate hike bets boost JPY

USD/JPY is sitting at six-month lows near 153.50 in the Asian session on Tuesday, as Japan's upbeat wage growth data and Q2 GDP revision cement bets on a BoJ rate hike next week and continue to boost the Japanese Yen. Meanwhile, US Dollar selling remains unabated despite hawkish Fed expectations and rising geopolitical tensions, lending additional support to the pair.

$4,465: Gold looks to regain 21-day SMA amid sustained USD weakness

Gold has snapped a two-day losing streak early Tuesday, staging a decent comeback toward $4,450 after finding strong buyers below the $4,400 level. Gold is looking to resume its recovery from four-week lows of $4,283 hit last week, capitalizing on sustained US Dollar weakness across the board.

Bitcoin whale profits hit record $9.07B, long-term holders increase on-chain activity

Bitcoin’s (BTC) short-term holder (STH) whales have reached a record level of unrealized profit, raising concerns that increased profit-taking could put pressure on the market during its current consolidation phase.

Why Oil is setting up for its most explosive move in years

The biggest Commodity trade of the year may be hiding in plain sight. Gold, Silver, Copper and Agricultural Commodities have already delivered some of the most dramatic repricing events of 2026, rewarding traders who recognized early that scarcity, geopolitical fragmentation and constrained supply were becoming dominant market forces.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.