USD/CHF Rebounds from Multi-Year Low Amid Safe-Haven CHF Demand

USD/CHF has staged a technical recovery after plunging to a multi-year low, driven by persistent demand for the Swiss franc as a safe-haven currency. The pair's decline has been fueled by a combination of US dollar weakness and Switzerland's stable economic fundamentals, with Swiss inflation remaining comfortably below 1%, reinforcing the franc's attractiveness during periods of global uncertainty. The Swiss National Bank's measured approach to monetary policy has further supported CHF strength. The recovery appears largely technical in nature, as oversold conditions on shorter timeframes prompted profit-taking among short sellers. Key resistance for USD/CHF sits near the 0.8600–0.8650 zone, while support at the newly established multi-year low remains the critical level to watch for further downside. With geopolitical tensions in the Middle East and deteriorating US employment data weighing on risk sentiment, the franc is likely to remain bid. Traders should monitor upcoming SNB commentary and broader risk appetite shifts for directional cues on this pair.