USD/CHF drops 0.87% below 0.8070 as Waller's dovish tone sinks the dollar

USD/CHF is down roughly 0.87% on the day, extending losses as sellers follow the broader US dollar lower in the wake of Fed Governor Christopher Waller's more dovish remarks. The decline has been technically decisive: price has broken beneath both the 100-hour moving average near 0.8100 and the 200-hour moving average near 0.8070, two levels that had previously framed intraday support and capped downside attempts. With both hourly averages now breached and acting as overhead resistance, the short-term structure has flipped firmly in favour of sellers. The dovish Fed commentary has reinforced expectations for a softer US rate path, undermining the dollar's yield advantage against the low-yielding Swiss franc, which continues to attract defensive flows. For traders, the 0.8070–0.8100 zone becomes the key pivot: sustained trade below it keeps the bearish momentum intact and opens scope for further probing of lower levels, while an hourly close back above 0.8100 would neutralise the downside bias and signal that the dollar-selling impulse is fading.