empty
 
 
10.07.2025 06:47 AM
If the resistance level of 0.7964 holds back its upward movement, USD/CHF has the potential to weaken on Thursday, July 10, 2025.

USD/CHF, Thursday, July 10, 2025

In addition to rumors of a planned Fed interest rate cut and falling US government bond yields, USD/CHF weakened today.

Key Levels

1. Resistance. 2 : 0.7990.

2. Resistance. 1 : 0.7964.

3. Pivot : 0.7950.

4. Support. 1 : 0.7924.

5. Support. 2 : 0.7910.

Tactical Scenario

Pressure-Prone Zone: If USD/CHF breaks down and closes below 0.7924, it has the potential to continue weakening to 0.7910.

Momentum Extension Bias: If the 0.7910 level is successfully broken and closes below it, USD/CHF has the potential to continue its decline to 0.7884.

Invalidation Level / Bias Revision

The downside bias is maintained if the price breaks and closes above 0.7990.

Technical Summary

The 50-EMA remains below the 200-EMA, although the RSI(14) is at 50.83 (bullish-neutral). However, pressure from sellers still appears to have the potential to weaken USD/CHF in the near term.

Economic News Release Agenda:

US - Unemployment Claims 7:30 PM WIB

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback