The USD/CHF pair is trading in a general downtrend on the 4-hour timeframe, forming consecutively lower lows. The recent declines are attributed to the weakening US dollar amid concerns over tariff-related disruptions and their impact on the US economy. On the other hand, the Swiss franc has seen increased demand as a safe-haven currency, similar to the Japanese yen.
Will the Pair Continue to Decline?
Markets are closely watching this week’s upcoming US employment data, which is highly significant as it will provide insight into how tariffs are affecting the US labor market.
On Tuesday, April 29, 2025, the JOLTS Job Openings report showed a disappointing reading of 7.91M, marking the lowest level since October 2024. Additionally, the Consumer Confidence Index fell to 86 — its weakest level since July 2014!
These figures highlight weakness in the US dollar and suggest a potential continuation of its decline against other currencies.
Technical Outlook for USD/CHF:
On the 4-hour chart, the pair is in a clear downtrend. A rise toward the 0.83052 level increases the likelihood of a renewed decline, continuing the bearish trend and targeting 0.82291 as the first support and 0.81025 as a second, longer-term target.
This bearish scenario would be invalidated on the 4-hour chart if the price breaks above and closes above the 0.83344 level.
Note: Markets are awaiting several key data releases this week that could impact this pair, including:
• ADP Non-Farm Employment Change
• Advance GDP q/q
• Core PCE Price Index m/m
• ISM Manufacturing PMI
• Average Hourly Earnings m/m
• Non-Farm Employment Change
• Unemployment Rate
If growth and employment data disappoint, the US dollar is likely to continue weakening in the short to medium term.
Will the Pair Continue to Decline?
Markets are closely watching this week’s upcoming US employment data, which is highly significant as it will provide insight into how tariffs are affecting the US labor market.
On Tuesday, April 29, 2025, the JOLTS Job Openings report showed a disappointing reading of 7.91M, marking the lowest level since October 2024. Additionally, the Consumer Confidence Index fell to 86 — its weakest level since July 2014!
These figures highlight weakness in the US dollar and suggest a potential continuation of its decline against other currencies.
Technical Outlook for USD/CHF:
On the 4-hour chart, the pair is in a clear downtrend. A rise toward the 0.83052 level increases the likelihood of a renewed decline, continuing the bearish trend and targeting 0.82291 as the first support and 0.81025 as a second, longer-term target.
This bearish scenario would be invalidated on the 4-hour chart if the price breaks above and closes above the 0.83344 level.
Note: Markets are awaiting several key data releases this week that could impact this pair, including:
• ADP Non-Farm Employment Change
• Advance GDP q/q
• Core PCE Price Index m/m
• ISM Manufacturing PMI
• Average Hourly Earnings m/m
• Non-Farm Employment Change
• Unemployment Rate
If growth and employment data disappoint, the US dollar is likely to continue weakening in the short to medium term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.