USD/CHF Price Analysis: Technical set-up remains tilted in favour of bullish traders

USD/CHF traded with a positive bias for the sixth consecutive session on Monday.
Bulls are likely to wait for a sustained move beyond the very important 200-DMA.

Haresh Menghani FXStreet

The USD/CHF pair built on last week's goodish positive move of around 300 pips and continued gaining traction for the sixth straight session on Monday.

The pair climbed to near two-week tops in the last hour, with bulls now looking to extend the momentum further beyond the 0.9800 round-figure mark.

The mentioned handle nears the very important 200-day SMA, around the 0.9810 region, which if cleared might be seen as a fresh trigger for bullish traders.

Meanwhile, technical indicators on the daily chart have just started moving into the positive territory and further reinforce prospects for an extension of the positive move.

Hence, some follow-through strength, towards challenging a near one-year-old descending trend-line resistance near the 0.9900 mark, now looks a distinct possibility.

On the flip side, any meaningful pullback might still be seen as an opportunity to initiate some fresh bullish positions and should remain limited near the 0.9715-10 region.

Failure to defend the mentioned support might prompt some aggressive technical selling and drag the pair further towards its next support near the 0.9625 region.

USD/CHF daily chart

Technical levels to watch

USD/CHF

Overview
Today last price	0.9776
Today Daily Change	0.0008
Today Daily Change %	0.08
Today daily open	0.9768

Trends
Daily SMA20	0.962
Daily SMA50	0.9675
Daily SMA100	0.9739
Daily SMA200	0.981

Levels
Previous Daily High	0.9796
Previous Daily Low	0.973
Previous Weekly High	0.9796
Previous Weekly Low	0.9502
Previous Monthly High	0.9902
Previous Monthly Low	0.9183
Daily Fibonacci 38.2%	0.9771
Daily Fibonacci 61.8%	0.9755
Daily Pivot Point S1	0.9734
Daily Pivot Point S2	0.9699
Daily Pivot Point S3	0.9668
Daily Pivot Point R1	0.98
Daily Pivot Point R2	0.9831
Daily Pivot Point R3	0.9865

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.