USD/CHF, Thursday, July 10, 2025

In addition to rumors of a planned Fed interest rate cut and falling US government bond yields, USD/CHF weakened today.

Key Levels

1. Resistance. 2 : 0.7990.

2. Resistance. 1 : 0.7964.

3. Pivot : 0.7950.

4. Support. 1 : 0.7924.

5. Support. 2 : 0.7910.

Tactical Scenario

Pressure-Prone Zone: If USD/CHF breaks down and closes below 0.7924, it has the potential to continue weakening to 0.7910.

Momentum Extension Bias: If the 0.7910 level is successfully broken and closes below it, USD/CHF has the potential to continue its decline to 0.7884.

Invalidation Level / Bias Revision

The downside bias is maintained if the price breaks and closes above 0.7990.

Technical Summary

The 50-EMA remains below the 200-EMA, although the RSI(14) is at 50.83 (bullish-neutral). However, pressure from sellers still appears to have the potential to weaken USD/CHF in the near term.

Economic News Release Agenda:

US - Unemployment Claims 7:30 PM WIB