USD/CHF and EUR/CHF Retreat as Swiss Franc Rebounds on Tariff Concerns

The Swiss franc has staged a notable comeback against both USD and EUR, with technical charts having warned of this reversal before tariff discussions intensified. USD/CHF has declined from recent highs above 0.9100, while EUR/CHF similarly retreated from elevated levels as safe-haven demand for CHF increased. The franc's strength comes amid growing concerns about potential trade tariffs, which typically boost demand for traditional safe-haven currencies. Technical indicators had been flashing overbought signals for both pairs, suggesting the pullback was overdue. Support for USD/CHF now sits at 0.9050, with further declines targeting 0.9000 psychological level. EUR/CHF faces immediate support at 0.9750. The Swiss National Bank remains watchful of excessive franc appreciation but has shown less inclination to intervene compared to previous years. Traders should monitor trade policy developments closely as any escalation could drive additional CHF buying.