USD/CHF Price Analysis: Bulls face rejection near 0.9150

USD/CHF locks modest gains in the early European session.
Descending trend line acts as defense for bulls.
Neutral MACD suggests impending downward movement.

Rekha Chauhan Independent Analyst

The USD/CHF pair failed to extend the previous day’s gain in the early European session. The pair lost momentum after making an intraday high at 0.9145.

At the time of writing, USD/CHF is trading at 0.9135, up 0.08% on the day.

USD/CHF hourly chart

On the hourly chart, the pair has been looking to extend gains beyond the descending trend line from Wednesday’s high of 0.9164. However, the formation of Doji candles near the downward slope line indicates that upside momentum is receding. If prices sustain below the intraday lows near the 0.9130 area, then it would intensify the selling pressure.

The Moving Average Convergence Divergence (MACD) indicator is placed at the midline with bearish crossover. Moving down, prices would test the 0.9120 and 0.9110 horizontal support zone. Next bears would keep their eyes on 0.9080 (April 30).

On the flip side, if prices break above the downward sloping line, then they will navigate toward the 0.9150 and the 0.9170 horizontal resistance. Finally, market participants would then look out for highs of 0.9215(April 19).

USD/CHF additional levels

USD/CHF

Overview
Today last price	0.9134
Today Daily Change	0.0004
Today Daily Change %	0.04
Today daily open	0.913

Trends
Daily SMA20	0.9167
Daily SMA50	0.9243
Daily SMA100	0.9073
Daily SMA200	0.9085

Levels
Previous Daily High	0.9165
Previous Daily Low	0.9122
Previous Weekly High	0.9182
Previous Weekly Low	0.908
Previous Monthly High	0.9473
Previous Monthly Low	0.908
Daily Fibonacci 38.2%	0.9138
Daily Fibonacci 61.8%	0.9148
Daily Pivot Point S1	0.9113
Daily Pivot Point S2	0.9096
Daily Pivot Point S3	0.907
Daily Pivot Point R1	0.9156
Daily Pivot Point R2	0.9182
Daily Pivot Point R3	0.9199

Author

Rekha Chauhan

Independent Analyst

Rekha Chauhan has been working as a content writer and research analyst in the forex and equity market domain for over two years.

AUD/USD eyes 100-SMA hurdle near 0.7035 as hawkish RBA counters firmer USD

AUD/USD regains positive traction on Tuesday and climbs to 0.7030 during the Asian session, reversing the previous day's corrective slide from a one-month high as hawkish RBA rate expectations continue to support the Aussie. Spot prices, however, remain below the 100-day SMA pivotal resistance amid a firmer US Dollar as traders brace for Australia’s September CPI report on Wednesday ahead of the Fed rate decision.

USD/JPY sticks to modest gains above 157.50 as traders await Fed, BoJ meetings

USD/JPY attracts buyers for the third straight day, recovering further from a one-month low ahead of Wednesday’s FOMC decision and the BoJ policy update on Friday. Meanwhile, expectations that the BoJ may hold off on aggressive rate hikes weigh on the Japanese Yen, and the US Dollar advances to a nearly two-week high, supporting the currency pair.

Gold holds above $4,000 as traders brace for Fed interest rate decision

Gold edges higher during American trading hours on Tuesday after trading in negative territory earlier in the day. A slight decline in Oil prices offers some relief, although a firmer USD limits the upside as traders await the Fed’s monetary policy announcement on Wednesday.

Crypto Today: Bitcoin, Ethereum and XRP on edge as sell-side pressure intensifies

Cryptocurrency prices are broadly correcting on Tuesday, led by Bitcoin (BTC) edging lower below the pivotal $80,000 level. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bearish outlook, while Ripple (XRP) hovers around $1.30.

Experts agree: Fed policy outlook and geopolitical tensions keep US Dollar bid

The US Dollar Index rallies 0.6% in three days and hits fresh two-week highs above 102.00. Investors return to the US Dollar as markets brace for a hawkish hold by the Fed on Wednesday. Waning hopes of any immediate US-Iran peace deal have provided additional support to the safe-haven USD.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.