USD/CHF Price Analysis: Holds to its gains, as US yields dropped, buyers' eye 0.9200

• USD/CHF registers minor gains, benefiting from a robust US Dollar despite falling Treasury bond yields.
• Buyers are targeting the 100-day EMA at 0.9123, aiming to reach the 200-day EMA at 0.9250.
• The bearish extension is possible, with support found at the confluence of the 50 and 20-day EMAs.

USD/CHF is set to finish Tuesday’s session with minuscule gains, boosted by a strong US Dollar (USD), which held to its gains, as US Treasury bond yields fell late as Wall Street closes. At the time of writing, the USD/CHF exchanges hands at 0.9073, a gain of 0.16%.

USD/CHF Price Analysis: Technical outlook

From a technical perspective, the USD/CHF trades sideways, trapped within the short/long-term daily Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) indicator, as well as the 3-day Rate of Change (RoC), portrays buyers are in charge, but they would need to clear the 100-day EMA at 0.9123, so they can rally towards the 0.9200 handle, as they target the 200-day EMA at 0.9250.

Otherwise, the USD/CHF could extend its losses past the confluence of the 50 and 20-day EMAs, each at 0.9039 and 0.9034, respectively, followed by the 0.9000 figure. If USD/CHF stumbles past the figure, the next support would be the May 22 daily low of 0.8940, followed by the YTD low of 0.8820.

USD/CHF Price Action – Daily chart