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fxJul 8, 2026, 8:18 PM

USD/CHF Pulls Back After False Break Above 0.8100

USD/CHF retreated from a five-day high of 0.8108 to 0.8078 as risk appetite worsened on Trump's ceasefire suggestion and Iran's attack on ships.

USDCHF

The USD/CHF pair reversed lower after briefly climbing to a five-day high of 0.8108, failing to sustain a breakout above the psychological 0.8100 level. The pair currently trades at 0.8078, down about 0.02% on the session.

The pullback came as risk appetite deteriorated following reports that President Trump suggested an end to the ceasefire, while Iran attacked ships on Tuesday. These geopolitical jitters weighed on the Swiss franc's safe-haven counterpart, though the franc itself gained on risk aversion.

Traders now watch for further developments on the geopolitical front, with the false breakout at 0.8100 potentially signaling near-term resistance.

Source: FXStreet Forex News