USDCHF trades below 0.8000 on board-based US dollar selling. Currently trading at 0.79944, it reached a low of 0.79938 at the time of writing. Watch out for 0.8070 for further upside.
Rising to 10.7 from -8.7 in September, the US Empire State Manufacturing Index jumped 19.4 points in October 2025, defying expectations of -1.8 and signalled strong manufacturing expansion in New York State, the third positive reading in four months. New orders surged to 3.7 from -19.6; shipments increased to 14.4 from -17.3; and employment grew to 6.2 from -1.2, even though workweek hours declined somewhat at -4.1. While supply chain problems continued with delivery times at 3.9 and supply availability at -10.7, inflationary pressures increased with costs charged at 52.4 and prices received at 27.2. Reflecting high optimism among almost half of companies surveyed from October 2–9, the data feeds with the future business conditions index reaching a multi-month high. a bullish view on the US dollar and economic recovery.
Technical Analysis Points to Further Bearishness
The pair is trading below 55-EMA, the 200 EMA, and above 365 EMA on the 4-hour chart, indicating a mixed trend. The immediate resistance is at 0.8070; any break above targets 0.8090/0.8135/0.8170/0.8215/0.8250.
Support Levels and Potential Declines
On the downside, near-term support is around 0.7980; any violation below will drag the pair to 0.7920/0.7900/0.7860/0.7800.
Indicators (4-hour chart)
CCI (50) - Bullish
Directional Movement Index - Neutral
Trading Strategy Recommendation
It is good to sell on rallies around 0.8018-20 with SL around 0.7980 for a TP of 0.8135.
