USD/CHF Price Forecast: 100-day SMA tested as US Dollar tanks

The USD/CHF tumbles nearly 2% on Wednesday as a US Treasury announcement of a buyback sent the Greenback into a tailspin, as US Treasury yields also dive. The pair trades at 0.7979 after reaching a high of 0.8128.

USD/CHF Price Forecast: Technical Outlook

From a technical perspective, the USD/CHF is upward-biased after it bottomed at 0.7604 in February of 2026. Since then, the pair has rallied towards a yearly high above 0.8200, before the US Treasury unveiled its bond buyback. This pushed the USD/CHF below key support levels, including the 50-day Simple Moving Average (SMA) at 0.8084, and towards the 100-day SMA at 0.7975.

In the short term, momentum shifted bearish as the Relative Strength Index (RSI) fell from around 51 to 36.48. This suggests that sellers are gaining steam.

For a bearish continuation, USD/CHF must clear the 100-day SMA, followed by the 200-day SMA, at 0.7932. On further weakness, the next stop is 0.7900.

On the flip side, buyers must reclaim the 0.8000 level before challenging the March 31 high of 0.8042. Above lies the 50-day SMA at 0.8084, followed by the August 13 high of 0.8147.

USD/CHF Price Chart – Daily