USD/CHF Price Forecast: Bearish flag holds as bulls eye 0.8150
The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss.
The USD/CHF currency pair experienced a negative day, ending a four-day winning streak. Despite this, the pair remained above 0.8100, hinting at potential future gains if buyers take back control of key resistance levels. At the time of reporting, the pair had lost 0.12%. A 'bearish flag' pattern continues to be relevant. Although the pair dropped to a two-day low, it closed near weekly highs on Friday, indicating a possible upward breakout and resumption of the uptrend.
The Relative Strength Index (RSI) is currently bullish but has flattened, suggesting more sideways movement may occur. A break above 0.8150 would signal the next target at the July 29 high of 0.8207. Following that, the June 19, 2025 high of 0.8215, and the June 4, 2025 peak at 0.8250 would be the next milestones. The ultimate target is 0.8300.
Should the pair decline, the initial support is at the day's low of 0.8103, potentially leading to a drop to the 50-day Simple Moving Average at 0.8079. The next support would then be the July 30 swing low of 0.8035, before aiming for 0.8000. Inflation data for July showed a modest 0.1% monthly increase in headline CPI and 0.2% excluding food and energy, with annual headline inflation remaining high at 3.4%.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
