USD/CHF Tumbles Below 100-Day MA as Bears Break Key Support Levels

USD/CHF is experiencing a sharp sell-off, breaking below multiple critical technical levels as bearish momentum accelerates. The pair has fallen through the 200-day moving average at 0.79428, last week's swing low at 0.7903, and the 100-day moving average at 0.7888, with price now probing below the 38.2% Fibonacci retracement of the 2026 trading range at 0.7873. The cascade of broken support levels signals intensifying downside pressure, as each former support zone failed to hold, triggering further selling. The breach of both the 100-day and 200-day moving averages is a technically significant development that often attracts additional momentum-based selling. Traders should monitor whether the 38.2% retracement at 0.7873 can stabilize price action; failure to hold this level could open the door toward the 50% retracement and lower support zones. Near-term resistance now sits at the former support levels of 0.7888 (100-day MA) and 0.7903 (swing low). The broad USD weakness driving this move suggests continued vulnerability for the pair in the sessions ahead.