USD/CHF slides as risk-off sentiment, tariffs weigh

💡 DMK Insight

USD/CHF’s continued decline signals potential bearish momentum, and here’s why traders should pay attention: With the pair trading around 0.7910 and down 0.80% today, this marks a third consecutive day in negative territory. Such a trend could indicate a shift in market sentiment, especially as traders digest recent economic data and geopolitical developments. If the pair breaks below key support levels, we could see further downside, potentially targeting levels not seen in recent weeks. It’s worth noting that the Swiss franc often strengthens during periods of market uncertainty, which could be a factor driving this movement. Traders should keep an eye on the broader market context, including U.S. economic indicators and any shifts in risk appetite, as these could amplify the current trend. On the flip side, if USD/CHF finds support around 0.7900, it could trigger a short-term rebound. Monitoring this level will be crucial for day traders looking to capitalize on potential reversals. Keep an eye on the upcoming economic releases that could impact the dollar’s strength, as they may provide the catalyst for either a continuation of this bearish trend or a corrective bounce.