USD/CHF fell 0.70% on Tuesday to 0.8091 after a softer US inflation report pushed traders to trim bets on Federal Reserve policy. Even with the slide below 0.8100, the pair’s chart structure keeps the uptrend intact, and momentum indicators still point higher.
The dollar lost ground against the Swiss franc on Tuesday, with USD/CHF sliding 0.70% to 0.8091 as the latest US inflation report prompted market participants to pare hawkish bets on the Federal Reserve and the path of the Fed funds rate this year.
Why the uptrend still holds
The dip did not break the trend. Price action shows the market structure of higher highs and higher lows remains intact despite the move below 0.8100 that followed the macroeconomic release.
Momentum backs that read. The Relative Strength Index sits above its 50 neutral level, which favours further upside for the pair.
The levels that matter next
A daily close back above 0.8100 would open the door to the high of the day at 0.8152. Clearing that puts the August 1, 2025, daily high at 0.8171 in play, before traders challenge 0.8200, with the psychological 0.8250 and 0.8300 marks above.
The downside map is just as defined. First support sits at the low of the day at 0.8060, and a breach there would expose the July 10 swing low of 0.8030 ahead of 0.8000. On further weakness, the next support is the July 2 daily low of 0.8010.
Source: FXStreet
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