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fxJun 15, 2026, 7:24 PM

USD/CHF Retreats as Middle East Tensions Ease, Inverted Head-and-Shoulders Pattern Intact

USD/CHF fell over 0.34% on Monday as most G8 currencies strengthened against the US Dollar following a US-Iran peace deal that reduced Middle East conflict fears. The pair traded at 0.7943 after hitting a daily high.

USDCHF

USD/CHF retreated by more than 0.34% on Monday, pressured by broad-based US Dollar weakness. Most G8 currencies appreciated against the greenback as geopolitical risks eased following a reported peace agreement between the United States and Iran.

The pair was last seen trading at 0.7943, having pulled back from an earlier session high. Technically, an inverted head-and-shoulders pattern remains intact, suggesting the latest decline may be a corrective move within a broader bullish formation.

Source: FXStreet Forex News