USD/CHF Price Analysis: Struggles at 0.8800 amid mixed technical signals

USD/CHF climbs by 0.20%, trading at 0.8780, but remains under the shadow of the 0.8800 resistance.
The pair displays a ‘double-top’ chart pattern, suggesting potential downside movement.
Key resistances to watch: 50-day EMA at 0.8811 and 100-day EMA at 0.8921.
Immediate supports lie at the 20-day EMA at 0.8746 and the August 10 low of 0.8689.

Christian Borjon Valencia FXStreet

The USD/CHF climbed modestly on Monday’s session though it failed to cling above the 0.8800 figure, which could weigh on the pair in the near term. Additionally, the USD/CHF failing to break a downslope resistance trendline drawn from November 2022 highs opened the door for further losses. The USD/CHF is trading at 0.8780, gains 0.20% but remains subject to selling pressure.

USD/CHF Price Analysis: Technical outlook

From a technical standpoint, the USD/CHF registered a ‘double-top’ chart pattern, which could pave the way for further downside, but mixed signals from an oscillator perspective could refrain sellers from lowering prices.

The Relative Strength Index (RSI) indicates that buyers are gathering momentum, while the three-day Rate of Change (RoC) depicts the USD/CHF as neutral.

If USD/CHF buyers reclaim 0.8800, they must reclaim the 50-day Exponential Moving Average (EMA) at 0.8811. A breach of the latter would expose the 100-day EMA at 0.8921.

Conversely, if USD/CHF sellers remain in control, the next support would be the 20-day EMA at 0.8746. Break below will expose the August 10 low of 0.8689, followed by the year-to-date (YTD) low of 0.8551.

USD/CHF Price Action – Daily chart

USD/CHF

Overview
Today last price	0.878
Today Daily Change	0.0015
Today Daily Change %	0.17
Today daily open	0.8765

Trends
Daily SMA20	0.8697
Daily SMA50	0.8842
Daily SMA100	0.8921
Daily SMA200	0.9124

Levels
Previous Daily High	0.8781
Previous Daily Low	0.8735
Previous Weekly High	0.8783
Previous Weekly Low	0.869
Previous Monthly High	0.9005
Previous Monthly Low	0.8552
Daily Fibonacci 38.2%	0.8753
Daily Fibonacci 61.8%	0.8763
Daily Pivot Point S1	0.874
Daily Pivot Point S2	0.8715
Daily Pivot Point S3	0.8695
Daily Pivot Point R1	0.8786
Daily Pivot Point R2	0.8806
Daily Pivot Point R3	0.8831

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.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD inches lower during the Asian hours on Monday, trading around 1.1870 at the time of writing. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming improving momentum. RSI has cooled from prior overbought readings but stabilizes above 50, suggesting dips could stay limited before buyers reassert control.

GBP/USD flat lines as traders await key UK macro data and FOMC minutes

The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.

Gold buyers hesitate amid holiday-thinned trading

Gold trades volatile, but within range, as US, China holidays-led thin trading exaggerates moves. The US Dollar extends range play into the US GDP week, with markets pricing at least two Fed rate cuts this year. Technically, Gold tests key support at $5,000; daily RSI still remains bullish.

Top Crypto Losers: Dogecoin, Zcash, Bonk – Meme and Privacy coins under pressure

Meme coins such as Dogecoin and Bonk, alongside the privacy coin Zcash (ZEC), are leading the broader market losses over the last 24 hours. DOGE, ZEC, and BONK ended their three consecutive days of recovery with a sudden decline on Sunday, as crucial resistance levels capped the gains. Technically, the altcoins show downside risk, starting the week under pressure.

Global inflation watch: Signs of cooling services inflation

Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.