Geopolitical uncertainty in the Middle East limits the pair’s upside despite technical support near 0.7810.
The US Dollar remains rangebound against the Swiss Franc, trading near 0.7860 after a rebound from Tuesday’s lows around 0.7810. The lack of fresh macroeconomic data and mixed signals from the Middle East have left markets directionless, with risk sentiment subdued following recent US strikes in Iran.
Technical indicators suggest a tentative bullish bias, though momentum remains weak. The 4-hour RSI hovers near 50, while the MACD shows modest positive movement without a confirmed reversal. A break above 0.7860 could target resistance at 0.7905-0.7925, while a drop below 0.7810 may signal further downside.
Oil prices, down roughly 10% from last week’s highs, reflect cautious optimism over potential de-escalation, capping USD strength for now.