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USD/CHF

Bearish
0.81 CHF ▼ -0.02%

Analysis from Aug 12, 2026, 3:40 AM

0.8050 support holds — break below triggers flush toward 0.7900; US CPI due today is the decisive catalyst

0.8100 capped by 50-day MA; US CPI print today is make-or-break for USD recovery

Main Risk

US CPI surprise (Aug 12)

Hot CPI print above 3.0% could spike USD, reclaiming 0.8130 and aborting the bear leg

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Price Ladder

Hard Stop: 0.82 — Break above 0.8200 invalidates bear trend; reclaims June swing high and 100-day MA
Support 2: 0.79 — 2026 YTD demand zone
Support 1: 0.81 — Jul 30 swing low / key round
Resistance 1: 0.81 — 50-day MA / recent rally high
Resistance 2: 0.82 — 100-day MA / June swing high
Bull Target 1: 0.82 — 100-day MA / June swing high
Bull Target 2: 0.83 — Mar 2026 swing high
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Scenarios

🐻 CHF Dominance — Dollar Rolls Over

Soft CPI breaks 0.8050 support; pair re-tests 0.7900 demand zone.

🐂 CPI Shock Lifts Dollar

Hot CPI fuels USD rally back to 0.8200 100-day MA resistance.

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Macro Drivers

US CPI Release — Aug 12 — Consensus soft; cool print accelerates USD selling and extends CHF strength toward 0.7900.
Fed Hawkish Hold Stance — Fed officials' recent hawkish comments lifted pair from 0.8050 — any dovish pivot reverses this.
CHF Safe-Haven Demand — Gold at $4,407 and US-Iran uncertainty sustain CHF bid; pair remains capped below 0.8130.
UBS Year-End Target 0.78 — UBS forecasts USD/CHF at 0.78 by Dec 2026, framing current 0.81 level as structurally elevated.
DXY Breakout Failure — DXY uptrend stalled in late July 2026, removing a key USD tailwind for the pair.
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Key Dates & TradingBrief View

📅 US CPI (Jul) — today, Aug 12: pivotal for near-term direction
📅 SNB next rate decision — Sep 2026
📅 US FOMC minutes release — late Aug 2026
📅 US Retail Sales data — Aug 15
📅 Jackson Hole Fed Symposium — late Aug 2026

Bearish Below 0.8130 — Sell rallies into 0.8130 with stop at 0.8200; target 0.7900 on soft CPI confirmation

Pair capped at 50-day MA 0.8130, CHF bid intact via gold/safe-haven flows; soft CPI today opens 0.7900.

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