USD/CHF: Pullback to 0.9115/0.9080 is on the cards as risk-off sees franc soaring – Commerzbank

FXStreet Insights Team FXStreet

The Swiss franc soars in risk-off trade. USD/CHF may drop to the 0.9115/0.9080 region. Nonetheless, the pair is set to surge towards the April high at 0.9472 in the long-run, according to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.

Risk appetite takes a breather

“The general risk off tone of the markets saw CHF soar. USD/CHF failed at resistance at 0.9264/74 and sold off aggressively, near-term weakness remains corrective only at this point.”

“We remain unable to rule out a pullback into the 0.9115/0.9080 range. Ideally the downside will be contained here.”

Above 0.9274 lies the March 12 high at 0.9325, the early March high can be seen at 0.9375 and the April peak at 0.9472.”

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.