USD/CHF Price Analysis: Rising wedge probes 200-HMA breakout below 0.9700

USD/CHF picks up bids inside short-term bearish chart formation.
200-HMA breakout favor buyers but RSI conditions, rising wedge’s upper line challenge further upside.
Weekly horizontal support could test bears before giving them control.

Anil Panchal FXStreet

USD/CHF rises to a one-week high of around 0.9660 heading into Monday’s European session. In doing so, the Swiss currency (CHF) pair picks up bids inside a one-week-old rising wedge bearish formation.

That said, the 200-HMA breakout keeps the buyers hopeful unless the quote stays beyond 0.9645. However, the stated wedge’s upper line of 0.9665 could challenge the pair’s further upside.

Should USD/CHF bulls keep reins past 0.9665, the 0.9700 threshold and the 61.8% Fibonacci retracement of September 07-13 downside, near 0.9720, could lure the buyers.

It’s worth noting that the buyer’s dominance beyond 0.9720 will enable them to challenge the monthly top surrounding 0.9870.

On the flip side, the 200-HMA level near 0.9645 restricts immediate downside ahead of the stated wedge’s support line, close to 0.9620.

Also acting as a downside filter is the one-week-old horizontal support zone near 0.9560-45.

If at all the USD/CHF bears keep reins past 0.9545, the odds of retesting the 200-DMA level on the daily chart, around 0.9485 by the press time, will be a crucial support to watch.

USD/CHF: Hourly chart

Trend: Limited upside expected

Additional important levels

Overview
Today last price	0.9662
Today Daily Change	0.0014
Today Daily Change %	0.15%
Today daily open	0.9648

Trends
Daily SMA20	0.9691
Daily SMA50	0.9642
Daily SMA100	0.9691
Daily SMA200	0.9485

Levels
Previous Daily High	0.9661
Previous Daily Low	0.9601
Previous Weekly High	0.9661
Previous Weekly Low	0.948
Previous Monthly High	0.9808
Previous Monthly Low	0.9371
Daily Fibonacci 38.2%	0.9638
Daily Fibonacci 61.8%	0.9624
Daily Pivot Point S1	0.9612
Daily Pivot Point S2	0.9576
Daily Pivot Point S3	0.9551
Daily Pivot Point R1	0.9672
Daily Pivot Point R2	0.9697
Daily Pivot Point R3	0.9733

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.