USD\/CHF fell below 0.7800 after moving under the 50-day simple moving average (SMA) at 0.7828. It then tested a trendline and last week\u2019s low at 0.7775, and was down 0.37% at the time of writing.<\/p>\n
The downtrend remains in place, with the Relative Strength Index (RSI) moving lower and dropping past its prior trough of 39. A break below 0.7775 could open a move to the 10 March low at 0.7747.<\/p>\n
If 0.7747 gives way, the next support level cited is the 2 March low at 0.7668. Further declines would depend on price action below these levels.<\/p>\n
For a rebound, price would need to regain 0.7800 and reclaim the 50-day SMA at 0.7828. After that, resistance levels noted are the 100-day SMA at 0.7868 and the 20-day SMA at 0.7906.<\/p>\n
A separate currency table reported the Swiss franc\u2019s percentage moves against major currencies today. It stated the Swiss franc was strongest against the Japanese yen.<\/p>\n
We remember the bearish setup from early 2025 when the pair broke decisively below the 0.7800 handle. That downtrend extended towards the 0.7668 target mentioned at the time before finding a bottom later that year. The market picture today is vastly different, with the pair having established a strong uptrend throughout the last twelve months.<\/p>\n
Currently, the USD\/CHF is trading near 0.9120, a level not seen since late 2024. This strength is underpinned by diverging monetary policies, as last week’s US inflation data came in at 3.1%, cementing expectations for further Federal Reserve tightening. Meanwhile, the Swiss National Bank is signaling potential rate cuts after industrial production figures for the first quarter of 2026 showed a 0.5% contraction.<\/p>\n
Given this bullish momentum, derivative traders should consider strategies that profit from further upside in the coming weeks. Buying at-the-money call options provides direct exposure to a potential rally towards the 0.9200 resistance level. For a more risk-defined approach, a bull call spread could be implemented to lower the upfront cost while still capturing gains from a steady advance.<\/p>\n
We must also consider that implied volatility has been creeping up, currently sitting around 8.5% for 1-month options. While this makes buying options slightly more expensive, it reflects the market’s anticipation of a significant move. Therefore, selling out-of-the-money put options could also be an attractive strategy to collect premium, provided traders are comfortable buying the pair at a lower price if assigned.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" USD\/CHF breaks below 0.7800, staying bearish; key supports 0.7775\/0.7747\/0.7668, resistances 0.7828\/0.7868\/0.7906; CHF strongest vs JPY.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-45279","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t