USDCHF Rebounds After Breaking Key Technical Levels

New York, NY – The USDCHF currency pair experienced notable fluctuations on December 3, 2025, following the release of softer U.S. Consumer Price Index (CPI) data. After initially dropping below the key 200-day moving average (MA) at 0.8816, the pair found support within the swing area of 0.8792 to 0.87995, bottoming out at 0.8799.

The inability of USDCHF to sustain this downturn led to a swift recovery, culminating in a move that reclaimed the 200-day MA and shifted market bias back towards the upside. The pair recently peaked at an intraday high of 0.88516, indicating a reinforcement of short-term bullish momentum.

“Holding above the 200-day MA is critical,” said a market analyst. “Maintaining this level keeps buyers in control, particularly given the volatility experienced earlier in the week.”

A sustained move above the 200-day MA could potentially solidify the bullish outlook further, with the next target set at the 38.2% retracement level of the recent upward movement since September 2024, which lies at 0.88843. Traders are also eyeing the swing area between 0.8914 to 0.8922. Notably, both the 100-day MA and the 100-bar MA on the four-hour chart converge at 0.8930, creating additional resistance.

Conversely, a decline below the 200-day MA would likely disappoint current buyers and could lead to a shift in market sentiment towards a bearish phase.

The recent U.S. jobs report released earlier in the day added another layer of analysis for traders. Non-farm payrolls rose by 151,000 in February 2025, trailing below the forecast of 160,000, with a two-month net revision revealing a minor downward adjustment of 2,000 jobs from a prior figure of plus 100,000.

With the unemployment rate nudging up from 4.0% to 4.1% against predictions, and average hourly earnings increasing by 0.3%—in line with expectations but down from the previous 0.5%—market watchers are assessing the mixed labor market signals.

The participation rate also saw a decline, dropping to 62.4% from 62.6%, while the U6 underemployment rate rose notably from 7.5% to 8.0%. These statistics provide further insight into the current economic landscape, with traders keenly observing their implications for future currency movements.

As the markets continue to react, the technical outlook remains pivotal for traders monitoring the USDCHF and other major currency pairs in the backdrop of evolving economic indicators.