USD/CHF Loses Shine: Safe-Haven Demand Weighs In

USDCHF lost its shine as demand for safe-haven assets increases. It hits an low of 0.81924 at the time of writing and is currently trading around 0.8. Intraday bias appears to be bearish  as long as the resistance 0.8405 holds. 

Sales of new homes in the US hit an all-time high of 743,000 in April 2025, up 10.9% from March and 3.3% year-over-year, the highest ever recorded since February 2022. This. New houses for sale were estimated to be available at 504,000, with a supply of only 8.1 months. Builders lowered prices, which resulted in increased sales with a median sales price of $407,200 and an average sales value of $518,400, despite the increase in mortgage rates. A surge in sales has been observed due to builders slapping prices and appealing more to buyers, as financial uncertainty intensified and borrowing costs rose.

Technical Analysis Points to Further Upside

The pair is trading below the   55-EMA, 200 EMA and 365 EMA on the 4-hour chart  indicates a bearish trend. The immediate resistance is at  0.8272 any break above  targets 0.8300/0.8350/0.8375.

Support Levels and Potential Declines

On the downside, near-term support is around 0.8180, any violation below will drag the pair to 0.8135/0.8090/0.8000.

Bullish  Indicators

CCI (50) - Bearish
Directional movement Index -  Bearish

Trading Strategy Recommendation

It is good to sell on rallies around 0.8270 with a stop-loss at 0.83250 for a TP of 0.8150.