Post #15298

Swiss Gets the Upper Hand USD/CHF is trading lower today, breaking beneath a trendline that had previously acted as support. With bearish momentum building, the next notable level sits near 0.7920, a zone that could serve as short-term support if sellers begin to take profits or if buyers step in to defend the level. The move comes on the back of reports that the U.S. and Switzerland are close to finalizing a trade deal that would slash tariffs from 39% to 15% — a major shift from the steep hike imposed in August under President Trump’s “reciprocal tariff” strategy. The potential rollback signals a softer U.S. trade stance, giving the Swiss franc an extra boost against the dollar. If the deal is confirmed, further CHF strength could extend the downside in USD/CHF, potentially driving the pair below 0.7920 and into deeper lows. However, if the agreement stalls or U.S. yields rebound, a short-term retracement back above broken support could be in play before the next leg down.