USD/CHF

The pair broke a symmetrical triangle to the downside on 20 July but is recovering toward the 0.8100 pivot — a close above 0.8103 (today's intraday high) is needed to invalidate the bearish pattern signal and re-target the 0.8173 52-week high.

USD/CHF is trading at 0.8100, caught between a symmetrical triangle breakdown on the M30 chart and a broader monthly recovery from the 0.7604 52-week low, leaving near-term direction unresolved.

Main Risk

UBS year-end USDCHF target of 0.7800

UBS Switzerland forecasts USDCHF at 0.78 by December 2026, implying a further ~3.7% decline from current levels and acting as a persistent ceiling on institutional dollar buying.