USD/CHF Price Analysis: Climbs to fresh two-week highs above 0.9800

USD/CHF extends its weekly gains to 1.98% after the Fed and SNB monetary policy decisions.
The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851.
The USD/CHF path of least resistance is upwards; once it clears 0.9851, a re-test of 0.9900 is on the cards.

Christian Borjon Valencia FXStreet

The USD/CHF advanced during Friday’s North American session, gaining 0.60%, courtesy of a risk-off impulse spurred by fears of a global economic slowdown and the Fed’s aggression as the US central bank struggles to temper inflation from around 40-year highs. At the time of writing, the USD/CHF is trading at 0.9836.

USD/CHF Price Analysis: Technical outlook

The central bank frenzy witnessed the Fed and the Swiss National Bank (SNB) hiking rates. Even though the SNB finished the period of negative rates, it wasn’t enough, according to market participants, which bought the USD/CHF, lifting the pair towards fresh weekly highs around 0.9851. Nevertheless, USD/CHF buyers have been unable to crack last week’s high at 0.9869, which could open the door for further gains.

Short term, the USD/CHF 4-hour chart, shifted from neutral to neutral-upward biased once the pair rallied above 0.9800, after trading sideways, in the 0.9600-0.9700 area throughout the week. Albeit the Relative Strength Index (RSI) got into overbought conditions, the USD/CHF upward bias remains intact.

Therefore, the USD/CHF first resistance is the weekly high at 0.9851. Break above will expose the R1 daily pivot at 0.9870, followed by the psychological 0.9900 mark.

On the other hand, the USD/CHF first support will be the daily pivot point at 0.9766. A breach of the latter will send the pair sliding to the 20-EMA at 0.9719, ahead of the 0.9700 figure.

USD/CHF Key Technical Levels

USD/CHF

Overview
Today last price	0.9824
Today Daily Change	0.0054
Today Daily Change %	0.55
Today daily open	0.977

Trends
Daily SMA20	0.9698
Daily SMA50	0.9631
Daily SMA100	0.9687
Daily SMA200	0.9494

Levels
Previous Daily High	0.9851
Previous Daily Low	0.9622
Previous Weekly High	0.9661
Previous Weekly Low	0.948
Previous Monthly High	0.9808
Previous Monthly Low	0.9371
Daily Fibonacci 38.2%	0.9763
Daily Fibonacci 61.8%	0.9709
Daily Pivot Point S1	0.9644
Daily Pivot Point S2	0.9519
Daily Pivot Point S3	0.9416
Daily Pivot Point R1	0.9873
Daily Pivot Point R2	0.9976
Daily Pivot Point R3	1.0102

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

GBP/USD extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP rebounds on rising on-chain activity

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.