USD/CHF Price Analysis: Hits new YTD lows for the second consecutive day at around 0.8850s


  • USD/CHF is poised for further decline on the daily chart.
  • USD/CHF 4-Hour chart suggests consolidation, but a bearish continuation could happen below 0.8859.
  • Bearish oscillators with oversold RSI may lead to an upward correction.

USD/CHF extended to new year-to-date (YTD) lows for the second straight day at 0.8859, though it rebounded slightly but remained below the psychological resistance at 0.8900. Fundamentals pointing the US economy toward a strong deceleration and a possible US Federal Reserve (Fed) pivot are the main reasons pressuring the American Dollar (USD). Therefore, the USD/CHF is trading at 0.8882 after hitting a high of 0.8974.

USD/CHF Price Action

From a daily chart perspective, the USD/CHF might continue to fall further, though buyers stepped in at around 0.8871, the February 16 cycle low. Although the USD/CHF fell beyond the latter, it bounced strongly, as USD/CHF bulls look forward to reclaiming the 0.8900 figure.

Short term, the USD/CHF 4-Hour chart suggests the pair is consolidating once it formed a doji, just below the S2 daily pivot point around 0.8888. For a bearish continuation, the USD/CHF needs to dive below 0.8859 to extend its losses toward the S3 pivot point at 0.8832, ahead of falling to 0.8800.

Although oscillators like the Relative Strength Index (RSI) and the Rate of Change (RoC) maintain a bearish bias, the RSI is in oversold territory. Hence, an upward correction is likely, though buyers must reclaim the 0.8900 figure.

Once achieved, the USD/CHF next resistance would bet the S1 pivot point at 0.8925, followed by the confluence of the daily pivot point and the 20-day EMA at 0.8975/80 before testing 0.9000.

USD/CHF 4-Hour chart

USD/CHF 4-hour chart

USD/CHF Technical Levels

USD/CHF

Overview
Today last price 0.8882
Today Daily Change -0.0079
Today Daily Change % -0.88
Today daily open 0.8961
 
Trends
Daily SMA20 0.9143
Daily SMA50 0.9228
Daily SMA100 0.9263
Daily SMA200 0.9497
 
Levels
Previous Daily High 0.9039
Previous Daily Low 0.8944
Previous Weekly High 0.9198
Previous Weekly Low 0.9007
Previous Monthly High 0.944
Previous Monthly Low 0.9072
Daily Fibonacci 38.2% 0.898
Daily Fibonacci 61.8% 0.9002
Daily Pivot Point S1 0.8924
Daily Pivot Point S2 0.8886
Daily Pivot Point S3 0.8828
Daily Pivot Point R1 0.9018
Daily Pivot Point R2 0.9076
Daily Pivot Point R3 0.9113

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD climbs above 1.1500 ahead of Fed meeting

EUR/USD climbs above 1.1500 ahead of Fed meeting

EUR/USD climbs past the 1.1500 barrier on Wednesday amid a sluggish reversal in the US Dollar. Meanwhile, market investors remain cautious ahead of the Federal Reserve's interest rate announcement later in the European evening.

GBP/USD: Gains appear capped by 1.3480 prior to FOMC

GBP/USD: Gains appear capped by 1.3480 prior to FOMC

GBP/USD now challenges the upper end of its daily range, approaching the 1.3470-1.3480 band as investors continue to evaluate the UK inflation data and gear up for the upcoming FOMC gathering.

Gold extends its sidelined mood around $3,400 prior to the FOMC event

Gold extends its sidelined mood around $3,400 prior to the FOMC event

Gold trades with a positive bias and now appears flat near the $3,400 mark per troy ounce on Wednesday. Rising geopolitical tensions in the Middle East, along with continuing trade-related uncertainty, continue to weigh on market confidence and help the precious metal contain its losses ahead of the Fed rate announcement.

Federal Reserve expected to stand pat as markets look for hints of potential interest rate cuts

Federal Reserve expected to stand pat as markets look for hints of potential interest rate cuts

Market participants widely anticipate the US central bank to leave policy settings unchanged for the fourth consecutive meeting, after cutting the interest rate by 25 basis points (bps) to the 4.25%-4.50% range in December.

Bitcoin, Ethereum and XRP defend key support on sixth day of Israel-Iran war, what to expect

Bitcoin, Ethereum and XRP defend key support on sixth day of Israel-Iran war, what to expect

Bitcoin (BTC), Ethereum (ETH), and XRP are holding steady above key support levels. The top three cryptocurrencies have weathered the geopolitical tension and macroeconomic events of the past week. 

The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025