USD/CHF Holds Above Key 0.7800 Support as Yields Drive Direction

USD/CHF remains supported mainly by higher US yields and geopolitical uncertainty, while expectations that the Swiss National Bank may limit excessive franc strength are also helping the pair hold steady. At the same time, safe-haven demand for the Swiss franc is keeping upside movement limited.

Technically, 0.7800 is the key support level. As long as the price stays above it, the pair may continue higher toward 0.7940 (200 DMA). However, a break below 0.7800 could shift momentum lower toward 0.7700. USD/CHF is holding a multi-month trendline started in January. If the price retraces from current levels, the bullish trendline will meet near 0.7800, which is why it becomes a key area.

USD/CHF Daily Chart

Bottom line: USD/CHF direction today is mainly driven by US yields, risk sentiment, and geopolitical headlines, with 0.7800 acting as the key level to watch.