USD/CHF Dips Below 0.7950 on Dollar Sell-Off and Softer US PMI: Targets 0.7860

USDCHF trades below 0.7950 on board-based US dollar selling. It hits an intraday low of 0.79093  and is currently trading around 0.79125.

With the Composite PMI falling from 54.6 to 53.6, the US Flash PMI figures for September 2025 revealed ongoing economic growth at a slower rate. while staying above the 50 expansion threshold, missing expectations of 54.6. Manufacturing PMI fell from 53.0 to 52.0 as output expansion slowed, nominal new orders growth occurred in response to tariff-driven export losses, high input costs, and prolonged Though corporate confidence reached a three-month high, lead times are The Services PMI declined from 54.5 to 53.9, indicating the smallest growth since June as a result of muted domestic demand despite export gains, with workforce expansion. High inflation and better mood since May. Chris Williamson of S&P Global pointed to 2.2% annualized Q3 growth boosted by home demand and Fed rate reductions. Though tariff pressures and careful pricing point to a long-lasting but subdued path.

Technical Analysis Points to Further Weakness

The pair is trading below  55-EMA,  the 200 EMA, and 365 EMA on the 4-hour chart, indicating a weak trend. The immediate resistance is at  0.7980; any break above targets  0.8000/0.8070/0.8090/0.8135/0.8170/0.8215/0.8250.

Support Levels and Potential Declines

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

Indicators (4-hour chart)

CCI (50) - Bearish

Directional Movement Index -  Neutral

Trading Strategy Recommendation

It is good to sell on rallies around 0.7968-70 with SL around 0.8010 for a TP of 0.7860.