USD/CHF Price Analysis: Dollar easing further from monthly tops, approaching 0.9600 figure vs. CHF

USD/CHF is trading down for the fourth consecutive day.
The level to beat for bears is the 0.9600 support.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is easing from the monthly highs as the spot drops below the main SMAs on the daily chart. The US dollar is down against most currencies this Thursday.

USD/CHF four-hour chart

The spot is pulling back down while nearing the 0.9600 figure below the 200 SMA on the four-hour chart. Bears could continue to extend the decline towards the 0.9550 and 0.9540 levels while the 0.9700 and 0.9800 figures could become resistance on bullish attempts.

Additional key levels

USD/CHF

Overview
Today last price	0.9632
Today Daily Change	-0.0139
Today Daily Change %	-1.42
Today daily open	0.9771

Trends
Daily SMA20	0.9592
Daily SMA50	0.9681
Daily SMA100	0.9758
Daily SMA200	0.9814

Levels
Previous Daily High	0.9835
Previous Daily Low	0.9755
Previous Weekly High	0.9901
Previous Weekly Low	0.9392
Previous Monthly High	0.9851
Previous Monthly Low	0.9609
Daily Fibonacci 38.2%	0.9785
Daily Fibonacci 61.8%	0.9804
Daily Pivot Point S1	0.9739
Daily Pivot Point S2	0.9707
Daily Pivot Point S3	0.9659
Daily Pivot Point R1	0.9819
Daily Pivot Point R2	0.9867
Daily Pivot Point R3	0.9898

Author

Flavio Tosti

Independent Analyst

AUD/USD consolidates above 0.7000; remains close to monthly top

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day's monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical risks, could benefit the safe-haven buck and cap the currency pair.

USD/JPY bounces off one-month low; climbs to 157.00 amid reviving USD demand

USD/JPY rebounds from the 156.00 neighborhood, or a one-month low touched during Friday’s Asian session, with bulls looking to extend momentum beyond 157.00 amid the emergence of some US Dollar buying. Meanwhile, Japan's National CPI rose to a nine-month peak and reaffirmed BoJ rate-hike bets, which could support the Japanese Yen and cap gains for the currency pair.

Gold treads water around $4,000

Gold prices maintain its offered stance in place at the end of the week, hovering around the key $4,000 threshold per troy ounce. The persistent selling bias in the precious metal comes amid decent gains in the US Dollar and an acceptable rebound in US Treasury yields across the curve, all alongside further upside traction in crude oil prices.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

The French bond panic is overdone. Here's what the market is misreading

France's 10-year government bond yield has climbed above 5%, reigniting fears of a sovereign debt crisis in the Eurozone. With public debt exceeding €3.5 trillion, persistent budget deficits and a fragmented political landscape, investors are increasingly questioning the French government's ability to stabilize its finances.

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.