USD/CHF technical analysis: Buck recovering and Swiss franc dumping help market recovering from monthly lows

Investors are dumping the safe-haven Swiss franc as the market mood is improving.
The level to beat for bulls are at 0.9790 and 0.9815 level.

Flavio Tosti Independent Analyst

USD/CHF daily chart

USD/CHF is trading off monthly lows below its main daily simple moving averages (DSMAs). Equity markets are recovering from the selloff seen on Monday as China has re-valued the yuan. Investors are selling the safe-haven Swiss franc and buying the greenback.

USD/CHF 4-hour chart

USD/CHF is bouncing from monthly lows while trading below its main SMAs. Bulls would be looking to extend the recovery beyond 0.9790 and 0.9815 resistances.

USD/CHF 30-minute chart

USD/CHF is trading above the 50 and 100 SMA, suggesting a pullback up in the near term. Immediate supports are near 0.9770 and 0.9755, according to the Technical Confluences Indicator.

Additional key levels

USD/CHF

Overview
Today last price	0.9781
Today Daily Change	0.0047
Today Daily Change %	0.48
Today daily open	0.9734

Trends
Daily SMA20	0.9869
Daily SMA50	0.989
Daily SMA100	0.9981
Daily SMA200	0.9976

Levels
Previous Daily High	0.9839
Previous Daily Low	0.9716
Previous Weekly High	0.9976
Previous Weekly Low	0.9814
Previous Monthly High	0.9952
Previous Monthly Low	0.978
Daily Fibonacci 38.2%	0.9763
Daily Fibonacci 61.8%	0.9792
Daily Pivot Point S1	0.9687
Daily Pivot Point S2	0.964
Daily Pivot Point S3	0.9563
Daily Pivot Point R1	0.981
Daily Pivot Point R2	0.9887
Daily Pivot Point R3	0.9934

Author

Flavio Tosti

Independent Analyst

EUR/USD hits fresh 2026 lows near 1.1570

EUR/USD adds to Monday’s heavy losses and reaches new yearly lows around 1.1570 on Tuesday. The pair’s deep pullback comes as the US Dollar extend its strong bounce, always propped up by the intense flight-to-safety environment amid the deteriorating geopolitical landscape in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold drops further, threatens $5,000

Gold comes under renewed and marked selling pressure on Tuesday, dangerously approaching the critical $5,000 mark per troy ounce, reversing at the same time four consecutive daily advances. The yellow metal’s bearish tone comes on the back of the increasing demand for the Greenback and investors’ repricing of Fed rate cuts.