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The USD/CHF pair falls during the North American session on Tuesday, depreciating by some 0.20% at the time of writing, trading near 0.7850, as traders brace for the Federal Reserve’s (Fed) monetary policy decision on Wednesday.
USD/CHF Price Forecast: Technical outlook
The technical picture shows the pair reached a stiff resistance near the 100-day SMA at around 0.7897, which prevented it from testing the 0.8000 figure. Since then, USD/CHF has fallen to a three-day low of 0.7843, but in the short term, price action seems constructive after reaching a series of higher highs and higher lows.
From a momentum standpoint, the Relative Strength Index (RSI) shows that buyers are in charge, though they must clear 0.7900, followed by the 200-day SMA at 0.7946, which could pave the way for further upside. If USD/CHF clears 0.8000, look for a test of the November 4, 2025, daily high at 0.8108.
Conversely, if USD/CHF dives below 0.7800, the next area of interest would be the 0.7700 mark, followed by the yearly low of 0.7601.
USD/CHF Price Chart – Daily
USD/CHF Daily Chart
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