USD/CHF Price Analysis: Rejected at 0.94, bear flag on 4H

USD/CHF is under pressure in Asia as US index futures are flashing red.
The pair has created a bear flag or a bearish continuation pattern on the 4-hour chart.

Omkar Godbole FXStreet Contributor

USD/CHF is currently trading at 0.9364, representing a 0.38% drop on the day, having failed to chew through offers around 0.94 during the overnight trade.

The anti-risk CHF is drawing bids in Asia, possibly tracking the S&P 500 futures, which are currently signaling risk aversion with a 2.25% drop.

From a technical perspective, the pair's bounce from Monday's low of 0.9182 to 0.94 has taken the shape of a bear flag, a bearish continuation setup, on the 4-hour chart.

A break below 0.93 (lower end of the flag) would confirm an end of the recovery rally and revival of the bearish trend from recent highs above 0.98 and could yield re-test of Monday'slow of 0.9182.

However, a flag breakdown will likely remain elusive, if the spot finds acceptance above 0.94. That could be seen if the global equities extend Tuesday's recovery rally, which was reportedly fueled by expectations for fresh US fiscal stimulus.

4-hour chart

Trend: Bearish

Technical levels

USD/CHF

Overview
Today last price	0.9365
Today Daily Change	-0.0037
Today Daily Change %	-0.39
Today daily open	0.9402

Trends
Daily SMA20	0.9669
Daily SMA50	0.969
Daily SMA100	0.9786
Daily SMA200	0.983

Levels
Previous Daily High	0.9412
Previous Daily Low	0.924
Previous Weekly High	0.9656
Previous Weekly Low	0.9318
Previous Monthly High	0.9851
Previous Monthly Low	0.9609
Daily Fibonacci 38.2%	0.9346
Daily Fibonacci 61.8%	0.9306
Daily Pivot Point S1	0.9291
Daily Pivot Point S2	0.9179
Daily Pivot Point S3	0.9118
Daily Pivot Point R1	0.9463
Daily Pivot Point R2	0.9524
Daily Pivot Point R3	0.9635

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD slips under 1.1800 on strong PMI data, Fed bets boost Dollar

EUR/USD drops for the second straight day down 0.49%, following last Friday’s metals rout which underpinned the Greenback to the detriment of the shared currency. Also the nomination of Kevin Warsh to lead the Federal Reserve and upbeat US economic data drove the pair lower.

GBP/USD losses slow as BoE rate decision looms

The Pound Sterling (GBP) took another step lower amid a cautious stance against the US Dollar on Monday, easing back from recent multi-year highs as investors positioned ahead of a busy week of UK data and the Bank of England's first policy decision of 2026.

Gold rebounds; will it last?

Gold stages a comeback in Asian trades on Tuesday, after having found brief support near $4,650. The US Dollar uptrend stalls amid US-Iran de-escalation, easing US-India trade tensions and data disruption. Gold fails to close Monday above the 21-day SMA, but RSI recaptures the midline on the daily chart.

Top Crypto Gainers: Stacks, MemeCore, and Kaia rebound from critical support levels

Stacks (STX), MemeCore (M), and Kaia (KAIA) led the broader cryptocurrency recovery over the last 24 hours as bulls resurfaced after a bearish week, driven by the White House meeting on the crypto market structure bill on Monday.

Macro outlook improves despite the geopolitics

In the headlines, geopolitical have overshadowed an otherwise benign macro environment in early 2026. While market jitters around the US intervention in Venezuela and the sudden tariff threats over the control of Greenland faded quickly, the events have left a sense of unease of what might come next.

Ripple steadies after sell-off as low on-chain activity, retail interest weigh

XRP rebounds from last week’s support at $1.50 but struggles below resistance at $1.77. Active addresses on the XRP Ledger dropped below 18,000 on Sunday amid risk-averse sentiment. Retail interest in XRP continues to decline, with futures Open Interest dropping to $2.81 billion.