USD/CHF Bounces Above 0.8100 as Dollar Softens
The USD/CHF pair has rebounded after touching its 20-day Simple Moving Average (SMA), recapturing the key psychological level of 0.8100.
This bounce comes as traders reassess the pace of Federal Reserve rate cuts for 2025, leading to a mild softening in the US dollar.
The Swiss National Bank's stance on currency intervention is also a significant factor, with the franc remaining sensitive to safe-haven flows and SNB policy expectations.
Immediate resistance lies at the 50-day SMA near 0.8120, followed by the psychological level of 0.8150. On the downside, the 20-day SMA at 0.8080 now acts as support.