USD/CHF kicking back into the 200-day SMA, cracks 0.9000 on solid US data beats

The USD/CHF is toying with 0.9000 as the Greenback gets bid into a third straight day of gains.
Little of note for the Franc on the economic calendar until next Tuesday's Swiss Retail Sales.
US Durable Goods, GDP figures soundly trounce market expectations, though labor data sees more unemployed.

Joshua Gibson FXStreet

The USD/CHF is trading directly into the 0.9000 major handle as US data beats drive the US Dollar (USD) higher against the Swiss Franc (CHF) for Thursday.

US Gross Domestic Product (GDP) and Durable Goods Orders both firmly beat the street, vaulting over forecasts and sparking a bid in the Greenback, despite a soft miss for US labor figures that saw an uptick in Continuing & Initial Jobless Claims.

Next Tuesday will see Swiss Retail Sales figures. In the meantime, there's little Swiss economic calendar data for CHF traders to chew on following Wednesday's miss in the ZEW business conditions expectations survey, which slipped from -27.6 to -37.8.

US GDP expands at an annual rate of 4.9% in Q3 vs. 4.2% expected

US GDP printed at a stellar 4.9% for the annualized 3rd quarter, handily beating market forecasts of 4.2% and vaulting over the previous quarter's 2.1% printing.

US Durable Goods Orders for September likewise came in well above the waterline, growing 4.7% for the month compared to August's downward-revised -0.1% (originally printed at 0.2%).

US Initial Jobless Claims bucked the trend to come in below expectations, showing an additional 210K new jobless benefits seekers for the week into October 20th, compared to the previous week's 200K (revised upwards from 198K).

USD/CHF Technical Outlook

The US Dollar is testing into the long side of 0.9000 against the Franc after slipping from the price level last week, and is trading back into the 200-day Simple Moving Average (SMA).

The pair is catching some technical support from the 50-day SMA currently lifting into 0.8974, trapping bids in the midrange and squeezing the USD/CHF higher.

Last week's swing low into the 0.8900 level etches in near-term support, with the technical ceiling resting at early October's swing high bids near0.9250.

USD/CHF Daily Chart

USD/CHF Technical Levels

USD/CHF

Overview
Today last price	0.9002
Today Daily Change	0.0034
Today Daily Change %	0.38
Today daily open	0.8968

Trends
Daily SMA20	0.9048
Daily SMA50	0.8969
Daily SMA100	0.8897
Daily SMA200	0.901

Levels
Previous Daily High	0.8969
Previous Daily Low	0.8921
Previous Weekly High	0.9042
Previous Weekly Low	0.8902
Previous Monthly High	0.9225
Previous Monthly Low	0.8795
Daily Fibonacci 38.2%	0.8951
Daily Fibonacci 61.8%	0.8939
Daily Pivot Point S1	0.8936
Daily Pivot Point S2	0.8904
Daily Pivot Point S3	0.8888
Daily Pivot Point R1	0.8985
Daily Pivot Point R2	0.9001
Daily Pivot Point R3	0.9033

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 looks weaker, focus is back to 0.7100

AUD/USD reverses Tuesday’s gains and retreats markedly toward four-day troughs in the low 0.7100s ahead of the opening bell in Asia. The firmer tone in the Greenback weighs on the risk complex amid unabated tensions on the US-Iran front, prompting the Aussie to shed part of recent gains and refocus on the downside. Moving forward, Australian trade balance results should entertain investors early on Thursday.

Japanese Yen bounces up from lows after Japan PM Takaichi’s intervention warnings

The Japanese Yen bounced up from five-week lows against the US Dollar, turning positive on the daily chart, as Japan’s Prime Minister Sanae Takaichi warned that Tokyo is ready to take action against Yen weakness. The USD/JPY pair has pulled back from the 160.00 level, considered a line in the sand for Japanese authorities, to hit session lows at 159.55.

Gold slumps to near $4,450 as strong US jobs data reinforce higher-rate bets

Gold price falls to around $4,450 during the early Asian session on Thursday. The precious metal attracts some sellers amid rising expectations that the US Federal Reserve will raise interest rates this year.

Grayscale launches Hyperliquid staking ETF, undercutting rival fees

Grayscale announced the launch of its Hyperliquid Staking ETF on Wednesday, now trading on Nasdaq. The fund offers investors direct exposure to HYPE and incorporates staking rewards, which the company claims have historically ranged from 2.2% to 2.3% annually. "HYPG represents an opportunity to provide efficient exposure to HYPE in an ETP wrapper," Grayscale noted on its website.

The upside-down math of debt

In 2010, Professors Carmen Reinhart and Kenneth Rogoff published a paper, Growth in a Time of Debt, which instantly went viral. The main thesis of the paper was that once a government's debt-to-GDP ratio crosses above 90%, a financial crisis and default are around the corner.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.