Key Moments
- USD/CHF has been trading roughly flat around 0.7780, with recovery attempts capped at 0.7818.
- Support near 0.7740 has contained recent downside moves, preserving a short-term bullish bias.
- Elliott Wave analysis points to an A-B-C correction targeting the 0.7870-0.7885 resistance zone.
Price Action and Fundamental Background
USD/CHF is trading little changed on Thursday, hovering around 0.7780 at the time of writing. The pair has recovered from last week’s lows, but advances have stalled below 0.7818. At the same time, sellers have been unable to push the pair decisively below the 0.7740 area, keeping the immediate upward structure intact.
The broader advance in the US Dollar has stalled after mixed US data on Wednesday. The ADP Employment report indicated a sharp loss of momentum in January job creation, which offset stronger-than-expected US ISM Services PMI figures that nonetheless signaled an unexpected cooling in labor demand.
USD/CHF Price Forecasts: Support at 0.7740 keeps holding bears
The US Dollar is flat against the Swiss Franc on Thursday, trading around 0.7780 at the time of…#FX #USDCHF #XAUUSD #GOLD pic.twitter.com/Di5BHx4ssF
— Ira (@fxgold_expert) February 5, 2026
Technical Overview: Neutral Bias With Upside Potential
From a technical standpoint, USD/CHF is searching for clear direction, with signals currently tilted from neutral to slightly positive. On the 4-hour chart, the Moving Average Convergence Divergence (MACD) shows that bullish momentum is fading, while the Relative Strength Index (RSI) is holding above the 50 threshold, suggesting a modest bullish inclination.
Elliott Wave analysis indicates that the pair is unfolding an A-B-C corrective pattern, with scope for an extension beyond the February 2 peak at 0.7820. The projected target zone lies between the 61.8% Fibonacci retracement at 0.7870 and the lows posted on January 20 and 22, located near 0.7885.
On the downside, a confirmed break below the 0.7740 support area, which corresponds to the February 3 low, would negate this constructive scenario. Such a move would likely expose the January 30 low, situated close to 0.7640.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Performance Against Major Currencies
The following table shows the percentage change of the US Dollar (USD) against major currencies today. According to these figures, the US Dollar has been strongest versus the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | – | 0.17% | 0.59% | 0.25% | 0.23% | 0.42% | 0.33% | 0.14% |
| EUR | -0.17% | – | 0.42% | 0.07% | 0.06% | 0.26% | 0.16% | -0.03% |
| GBP | -0.59% | -0.42% | – | -0.34% | -0.36% | -0.16% | -0.26% | -0.45% |
| JPY | -0.25% | -0.07% | 0.34% | – | -0.03% | 0.18% | 0.06% | -0.11% |
| CAD | -0.23% | -0.06% | 0.36% | 0.03% | – | 0.20% | 0.10% | -0.09% |
| AUD | -0.42% | -0.26% | 0.16% | -0.18% | -0.20% | – | -0.11% | -0.29% |
| NZD | -0.33% | -0.16% | 0.26% | -0.06% | -0.10% | 0.11% | – | -0.19% |
| CHF | -0.14% | 0.03% | 0.45% | 0.11% | 0.09% | 0.29% | 0.19% | – |
The heat map represents percentage moves of each currency pair, where the base currency is shown in the left-hand column and the quote currency appears in the top row. For instance, selecting the US Dollar in the left column and moving horizontally to the Japanese Yen cell displays the percentage change for USD (base)/JPY (quote).
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