USD/CHF Price Analysis: Rising wedge can halt the bulls

USD/CHF created a rising wedge pattern suggesting potential exhaustion in the medium term.
The level to beat for bears is the 0.9770 support.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is pulling back down slightly from the 2020 highs while reintegrating Friday’s range. The spot is trading below the 100/200-day simple moving averages suggesting an overall bearish bias.

USD/CHF four-hour chart

USD/CHF is trading in a rising wedge pattern suggesting the market might be exhausting itself. If the bears break the 0.9770 support on a daily basis, the spot could decline towards the 0.9730 and 0.9710 price levels. On the flip side, if the buyers surpass the 0.9800 figure the quote could continue trending to the upside towards the 0.9830/50 levels.

Resistance: 0.9800, 0.9830, 0.9850

Support: 0.9770, 0.9730, 0.9710

Additional key levels

USD/CHF

Overview
Today last price	0.9772
Today Daily Change	-0.0003
Today Daily Change %	-0.03
Today daily open	0.9775

Trends
Daily SMA20	0.9695
Daily SMA50	0.9753
Daily SMA100	0.9842
Daily SMA200	0.9874

Levels
Previous Daily High	0.9782
Previous Daily Low	0.9739
Previous Weekly High	0.9782
Previous Weekly Low	0.9629
Previous Monthly High	0.9768
Previous Monthly Low	0.9613
Daily Fibonacci 38.2%	0.9766
Daily Fibonacci 61.8%	0.9755
Daily Pivot Point S1	0.9749
Daily Pivot Point S2	0.9722
Daily Pivot Point S3	0.9706
Daily Pivot Point R1	0.9792
Daily Pivot Point R2	0.9808
Daily Pivot Point R3	0.9835

Author

Flavio Tosti

Independent Analyst

EUR/USD holds above 1.1800 after German sentiment data

EUR/USD stays in positive territory above 1.1800 on Monday after the data from Germany highlighted a modest improvement in business sentiment in February. Meanwhile, the US Dollar stays under pressure amid growing unceratinty surrounding the US trade regime, allowing the pair to hold its ground.

GBP/USD rises toward 1.3550 as tariff confusion slams USD

GBP/USD extends the advance toward 1.3550 on Monday. The US Dollar faces intense selling pressure as tariff uncertainty lingers following US President Trump's latest announcement. Traders will take more cues from the broader market sentiment and central bank talks.

Gold climbs above $5,100 on broad USD weakness

Gold sticks to its bullish bias near the monthly above $5,100 on Monday. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.