USD/CHF battles at key levels amid Switzerland tariff tensions

USD/CHF experienced volatile price action this week, initially declining to test the 200-hour MA before recovering on news of Trump administration tariffs on Switzerland. The pair's subsequent price movement has been characterized by multiple reversals as buyers and sellers battle for control. The tariff announcement provided temporary support for USD/CHF, highlighting the impact of trade policy on currency valuations. Technical indicators show the pair caught between competing forces, with neither bulls nor bears able to establish clear dominance. The 200-hour MA continues to act as a pivotal level, with price reactions at this threshold determining short-term direction. Market uncertainty surrounding US-Switzerland trade relations adds complexity to the technical picture. Traders should monitor both technical levels and trade policy developments for directional cues in the coming sessions.