The USD/CHF has dropped for the fourth straight day, landing around 0.8000 after a 0.55% decline during the North American session. This decline is due to weaker US economic data and Switzerland’s tariff cuts, which favor the Swiss Franc. Technical indicators show that USD/CHF might test essential support levels at the 20- and 50-day SMAs, which are around 0.8002 and 0.7982. If it falls below these levels, it could drop to 0.7925, with potential for further decline to 0.7900.

Resistance Levels and Projections

If the USD/CHF rises above 0.8100, the next resistance will be at 0.8124, potentially reaching the 200-day SMA at 0.8261. This week, the Swiss Franc significantly strengthened against the Japanese Yen. Percentage changes for the Swiss Franc against major currencies include a 0.63% rise against the USD and a 0.84% rise against the JPY, while it saw a slight 0.07% adjustment against the NZD. Christian Borjon Valencia started his career in 2010, focusing on technical analysis and trading strategies. Please note that the discussions about markets and instruments are for informational purposes only. All investment responsibility lies with the investor, and FXStreet is not responsible for any errors or omissions. The USD/CHF pair continues to move toward the crucial 0.8000 level due to risk-averse sentiment and disappointing US economic data. Initial jobless claims for the week ending November 8th, 2025, were reported at 235,000, exceeding the 220,000 forecast and putting pressure on the US dollar. This continues a four-day losing streak for the pair.

Market Reactions and Strategies

For derivative traders, the immediate focus is on support between 0.8002 and 0.7982. If the pair breaks below this range, it could slide toward 0.7925. In this case, considering put options with strike prices below 0.8000 might be a good strategy for the upcoming weeks. The VIX, a measure of market fear, has risen above 22, its highest since the third quarter, generally favoring strategies that benefit from declining prices or rising volatility. On the other hand, if the pair holds this support and rises above the 0.8100 resistance, it could signify a short-term bottom. Surpassing this level might encourage traders to explore call options targeting the November 5th high of 0.8124. However, a significant rebound seems unlikely without strong positive US economic news. The Swiss Franc’s strength is also backed by its own fundamentals, not just the US dollar’s weakness. The Swiss National Bank has maintained a firm stance against inflation, keeping its policy rate at 1.75% during its September 2025 meeting, contrasting with the narrative of a slowing US economy. This policy difference makes the franc an appealing safe-haven currency. This caution is evident in the markets, with gold prices nearing $4,150 per ounce following reports of US job losses. We saw a similar trend in late 2023, where concerns over global growth boosted both gold and the Swiss Franc. The current climate suggests traders should be wary of long US dollar positions against safe-haven currencies. Create your live VT Markets account and start trading now.

here to set up a live account on VT Markets now