The pair fell 0.55% after softer US economic figures, with technical indicators signaling further downside risks.
The USD/CHF retreated to 0.8035, erasing gains from a two-day high of 0.8120, as weaker-than-expected US data pressured the dollar. The US Dollar Index (DXY) declined 0.55% against a basket of six currencies, dragging the pair near ten-day lows.
Technical analysis shows a confirmed ‘shooting star’ candlestick pattern, with the Relative Strength Index (RSI) slipping below 60 toward its 50-neutral level. This shift suggests sellers are gaining control, targeting the psychological 0.8000 mark. A break below could expose June lows at 0.7982 and 0.7910.
Resistance lies at 0.8100, with further upside potential at the year-to-date high of 0.8139 and the August 1, 2025, peak of 0.8171.