USD/CHF Faces Downside After NFP Gains Fizzle; Bears Eye 0.7800

USDCHF pared most of its gains after upbeat US jobs data. It hits a high of 0.79860 and is currently trading around 0.79336. Intraday bias appears to be bearish as long as the resistance at 0.8000 holds.  

The Swiss Consumer Price Index (CPI) for June 2025 registered a 0.2% increase from the previous month, reaching 107.8 points. While this monthly rise is rather modest, it nonetheless reflects a slight acceleration in inflationary pressure. On an annual basis, consumer prices were up by 0.1%, reversing May’s rare year-over-year decline—the first such decrease observed in several years. This shift suggests a subtle, yet noteworthy, resurgence of inflation within the Swiss economy.

Technical Analysis Points to Further downside

The pair is trading below the   55-EMA, 200 EMA, and 365 EMA on the 4-hour chart, indicating a bearish trend. The immediate resistance is at  0.79835, any break above targets 0.8000/0.8050/0.8090/0.8140/0.8180/0.8250/0.8300.

Support Levels and Potential Declines

On the downside, near-term support is around 0.7920; any violation below will drag the pair to 0.7900/0.7860/0.7800.

Indicators (hourly chart)

CCI (50) - Bullish

Directional Movement Index -  Neutral

Trading Strategy Recommendation

It is good to sell on rallies around 0.7950 with a stop-loss at 0.8000 for a TP of 0.7800.