USD/CHF Price Analysis: Bears stay in control but are making hard work of it

USD/CHF bears need to get below trendline support on the daily chart.
USD/CHF's dynamic resistance is holding, so far.

Ross J Burland FXStreet

Despite the slowing price growth in the Swiss economy that has limited the possibility of further rate hikes by the Swiss National Bank, USD/CHF is offered on the day and has fallen from a high of 0.8997 to a low of 0.8950. Markets are jittery ahead of Friday's Nonfarm Payrolls event and we have seen swings from top to bottom in the US Dollar on Thursday. This leaves a clouded technical outlook for the pair as the following will illustrate:

USD/CHF monthly chart

From a longer-term viewpoint, USD/CHF is wedged between support and resistance leaning with a downside bias.

USD/CHF weekly charts

There is a case of both bullish and bearish on the weekly chart as illustrated above.

USD/CHF daily chart

The daily chart's outlook is mildly bearish as the correction is long in the tooth which indicates the bears are reluctant but at least holding the price below dynamic resistance. A break of trendline support opens the risk of a downside continuation.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD holds above 1.1800 after German sentiment data

EUR/USD stays in positive territory above 1.1800 on Monday after the data from Germany highlighted a modest improvement in business sentiment in February. Meanwhile, the US Dollar stays under pressure amid growing unceratinty surrounding the US trade regime, allowing the pair to hold its ground.

GBP/USD rises toward 1.3550 as tariff confusion slams USD

GBP/USD extends the advance toward 1.3550 on Monday. The US Dollar faces intense selling pressure as tariff uncertainty lingers following US President Trump's latest announcement. Traders will take more cues from the broader market sentiment and central bank talks.

Gold climbs above $5,100 on broad USD weakness

Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.