USD/CHF to target the 2014 lows at 0.8703/0.8698 on a failure at 0.8943 – Commerzbank

FXStreet Team FXStreet

Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, maintains a neutral to negative bias on the USD/CHF pair while it trades below the four-month downtrend at 0.9162. Targets are 0.8703/0.8698, the 2014 lows.

Key quotes

“USD/CHF remains capped by a four-month downtrend at 0.9162 and while capped here is regarded as neutral to negative.”

“The pair has recently reversed from 0.8983, however, this has not overcome any resistance of note and attention has reverted back to this low.”

“The recent low at 0.8983 guards 0.8943 (TD support).”

“Failure at 0.8943 is needed to introduce scope to the 0.8703/.8698 2014 lows.”

“Minor support is seen at the 0.9048/31 September 10 and October troughs.”

Author

FXStreet Team

FXStreet

EUR/USD clings to humble gains around 1.1780

EUR/USD manages to reverse Tuesday’s pullback, sticking to daily gains around 1.1780 following an earlier bull run past 1.1800 the figure. The pair’s slight advance comes on the back of the equally marginal uptick in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House.

GBP/USD flirts with weekly tops north of 1.3500

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 marginal advance in the Greenback and a generalised improved mood in the risk-associated universe. Meanwhile, the US tariff narrative continues to dictate the mood among market participants.

Gold picks up pace, focus on $5,200

Gold buyers are stepping back in on Wednesday, with sights set on $5,200 and potentially higher, after Tuesday’s pullback from monthly highs. The yellow metal’s recovery follows some loss of momentum in the US Dollar after Trump’s SOTU speech failed to deliver fresh impetus and AI-related jitters continue to fade.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

Nvidia remains at the heart of the AI boom

Nvidia remains at the heart of the AI boom, with Q4 revenue projected near $65.6–66.1 billion, nearly 70% higher year-over-year. But investors are watching cash flow, leverage, and broader AI adoption. Growth is strong, but the AI stress isn’t over.

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.