USD/CHF Price Analysis: Plummets below 0.9000, golden-cross at risk

USD/CHF drops sharply, signaling potential end to Fed's rate hikes with investors favoring CHF.
Pair's fall below the 50 and 200-day moving averages at 0.9000 could lead to further declines.
For recovery, USD/CHF needs to breach 0.9000, targeting the November 1 high at 0.9112.

Christian Borjon Valencia FXStreet

USD/CHF plummets in the mid-North American session on Friday after an employment report in the United States (US) could mark the end of the Federal Reserve (Fed) tightening cycle. Therefore, the US Dollar (USD) remains offered, as investors piled into the Swiss Franc (CHF), as shown by the pair trading at 0.8979, down 0.87%.

The daily chart shows the pair is slightly tilted to the downside despite remaining sideways, as USD/CHF has fallen below the confluence of the 50 and 200-day moving averages (DMAs) at around 0.9000. In the case of a daily close below the latter, the major could dive to the next swing low seen at 0.8878, the October 24 low, before plunging to the August 30 daily low of 0.8745.

On the flip side, USD/CHF buyers must reclaim the 0.9000 figure – the confluence of the 50 and 200-DMAs- so they could remain hopeful of challenging the November 1 high at 0.9112, ahead of challenging the May 31 high at 0.9147. Up next would be the 0.9200 psychological level.

USD/CHF Price Chart– Daily

USD/CHF Technical Levels

USD/CHF

Overview
Today last price	0.8982
Today Daily Change	-0.0078
Today Daily Change %	-0.86
Today daily open	0.906

Trends
Daily SMA20	0.9013
Daily SMA50	0.8998
Daily SMA100	0.8899
Daily SMA200	0.9005

Levels
Previous Daily High	0.9077
Previous Daily Low	0.9018
Previous Weekly High	0.9035
Previous Weekly Low	0.8888
Previous Monthly High	0.9244
Previous Monthly Low	0.8888
Daily Fibonacci 38.2%	0.9041
Daily Fibonacci 61.8%	0.9055
Daily Pivot Point S1	0.9026
Daily Pivot Point S2	0.8992
Daily Pivot Point S3	0.8966
Daily Pivot Point R1	0.9085
Daily Pivot Point R2	0.9111
Daily Pivot Point R3	0.9145

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.