News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
Ascending Channel Ceiling Could Trigger a Technical Bearish Correction
Forex
Economic
Summary:
This cluster of dynamic and horizontal support creates a high-confluence zone that is likely to attract buy-side interest during a pullback.
Sell
TradingUSDCHF
EXP
0.78785
Entry Price
0.77800
TP
0.79800
SL
0.78756 -0.00051 -0.06%
0
Point
Flat
0.77800
TP
CLOSING
0.78785
Entry Price
0.79800
SL
The Federal Reserve elected to maintain its benchmark interest rate within the 3.50%–3.75% range, a decision that aligned seamlessly with broader market expectations. Throughout the proceedings, the committee reiterated its commitment to a data-dependent strategy, emphasizing that subsequent policy maneuvers will be meticulously guided by the ongoing evolution of economic indicators. This approach underscores the dual-sided risks currently facing the Fed: the preservation of maximum employment and the stabilization of inflation. Despite the pause, the updated "dot plot" continues to project a rate reduction by 2026. However, inflationary forecasts underwent a notable upward revision, with the Personal Consumption Expenditures (PCE) index now estimated at 2.7% for December 2026—a significant jump from the previously anticipated 2.4%.
The FOMC’s official communiqué highlighted that job creation has begun to moderate, while the unemployment rate has remained relatively static. Nevertheless, inflation continues to hover at stubbornly elevated levels. The committee also acknowledged the persistent fog of economic uncertainty arising from ongoing geopolitical tensions in the Middle East.
In a subsequent press conference, Fed Chair Jerome Powell adopted a decidedly more hawkish tone. He observed that the persistence of inflation is largely driven by the rising cost of goods, a trend significantly influenced by recent tariffs. Powell further cautioned that surging energy prices could exert renewed upward pressure on inflation in the short term, noting a recent uptick in inflationary expectations linked to the Middle Eastern conflict. While the central path for interest rates remained unchanged, Powell hinted at a preference for fewer cuts, stressing that the Fed requires "clear and convincing" progress on the disinflationary front before considering further policy easing. Consequently, market participants have aggressively recalibrated their expectations, with a 25-basis point cut by year-end no longer being fully discounted.
The Swiss National Bank (SNB) maintained its policy rate at 0.00% during its March deliberation, fulfilling market forecasts. However, the most striking development was the bank’s shift in foreign exchange guidance. Citing the intensifying conflict in the Middle East, the SNB signaled an increased readiness to intervene in the currency markets. This move is designed to thwart any rapid or excessive appreciation of the Swiss Franc (CHF), which the bank believes could undermine domestic price stability.
During the press conference, Chairman Schlegel clarified that the existing agreement between Switzerland and the United States permits the SNB to participate in the FX market, provided such actions do not seek an unfair competitive advantage. Despite the transparency regarding policy, the specific data for first-quarter interventions will remain undisclosed until late June. Currently, inflation in Switzerland remains exceptionally subdued, printing at 0.1% year-over-year in February. This weakness is largely attributed to a prolonged decline in the price of imported goods and services—a trend sustained for over two years by the historical strength of the Franc.
Technical Analysis
From a technical perspective, USD/CHF has been navigating a well-defined ascending channel. The price action recently executed a sharp rejection upon testing the upper boundary of this structure, suggesting that the pair has reached a point of technical exhaustion. Given that markets typically oscillate between expansionary impulses and corrective phases, a downward retracement appears increasingly probable.
The primary technical objective for this potential correction is the 0.50 Fibonacci retracement level, situated at 0.7781. Furthermore, the 100 and 200-period Moving Averages (MAs) are currently tracking at 0.7812 and 0.7769, respectively. This cluster of dynamic and horizontal support creates a high-confluence zone that is likely to attract buy-side interest during a pullback.
Our analysis of momentum oscillators reinforces the case for a bearish pivot. The RSI recently struck a high of 73, firmly entering overbought territory and inviting sellers to retake control. Simultaneously, the MACD is printing an increasingly anemic bullish histogram.
The shrinking bars on the MACD histogram suggest that a bearish crossover is imminent. Should the signal lines successfully cross beneath the neutral threshold, it would provide the necessary technical validation for a more sustained corrective move toward the moving average cluster.
Trading Recommendations
Trading direction: Sell
Entry price: 0.7880
Target price: 0.7780
Stop loss: 0.7980
Validity: Mar 27, 2026 15:00:00
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2026 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.