Technical analysis of USD/CHF 05/09/2025

USD/CHF, Daily Timeframe: Attempting recovery after a sharp sell-off, but remains below key resistance levels

The pair experienced a significant drop, reaching the local low near 0.8040, which coincides with the 0.0% Fibonacci retracement level — a key support area.

A short-term rebound is underway, but USDCHF is currently facing resistance at the 23.6% Fibonacci level (0.8315).

The price remains well below the 200-day and 100-day Simple Moving Averages, suggesting the broader trend is still bearish.

The RSI (14) is at 47.2, showing a neutral stance — neither overbought nor oversold — but with a slight bullish tilt.

Key levels to watch:

Resistance:

0.8315 — 23.6% Fibonacci retracement, immediate resistance.

0.8484 — 38.2% level, a stronger resistance if price continues upward.

0.8622 — 50% Fibonacci level and former support turned resistance.

Support:

0.8040 — recent swing low and critical support.

A break below this could open the path to test the lower bound of the descending channel (red lines).

Conclusion:

While there is a short-term bullish correction in play, the overall structure remains bearish.

Created by Joshua Hayn