USD/CHF Price Forecast: Bearish Outlook Persists Below 0.8250

USD/CHF Price Forecast: Bearish Conditions Remain Valid Below 0.8250

The USD/CHF currency pair saw a modest recovery during early European trading on Tuesday, climbing back to around 0.8220. Despite this slight rebound, the broader technical outlook for the pair remains bearish, as it continues to trade below the key 100-day Exponential Moving Average (EMA).

Market sentiment around the US Dollar remains under pressure, largely due to ongoing concerns about the US national deficit and fiscal policy uncertainty. As a result, any bullish momentum for the pair is likely to be short-lived unless supported by stronger US economic data. Traders are closely watching Tuesday’s upcoming releases, including the US Conference Board’s Consumer Confidence report, Durable Goods Orders, and the Dallas Fed Manufacturing Index.

From a technical standpoint, the Relative Strength Index (RSI) remains below the neutral 50 mark, currently near 41.55, indicating bearish momentum. USD/CHF also continues to respect its downtrend pattern, with resistance levels remaining firm.

Immediate support is seen at 0.8150, aligning with the lower Bollinger Band. If this level is breached, the pair could decline further toward the April 22 low of 0.8067. A break below that could bring the psychological 0.8000 level into play.

On the upside, resistance is likely to be encountered around the 0.8300–0.8305 zone. A sustained move above that range would be needed to challenge the prevailing bearish trend and shift sentiment more positively.

Until then, the path of least resistance for USD/CHF appears to be to the downside, and bearish conditions remain valid while the pair holds below the 0.8250 mark.