The USD/CHF currency pair is trading with a positive bias on Tuesday, consolidating recent gains as the US Dollar (USD) stabilizes ahead of the upcoming US Consumer Price Index (CPI) data release scheduled for Wednesday, August 12, 2026 at 12:30. At the time of reporting, USD/CHF is trading around 0.8113, marking its second consecutive day of gains after rebounding from levels above 0.8200 in late July [1]. The US Dollar Index (DXY), which measures the USD against a basket of six major currencies, is hovering around 99.80, remaining above its 100-day Simple Moving Average (SMA) at 99.75 [1].
Technically, USD/CHF maintains a mildly positive tone above the 50-day SMA at 0.8067, but the 21-day SMA at 0.8112 is acting as resistance and capping further gains. The 100-day SMA at 0.7968 provides additional support for the broader recovery structure. The Relative Strength Index (RSI) is near 52, indicating balanced momentum after cooling from previously overbought conditions, while the Moving Average Convergence Divergence (MACD) remains in negative territory, suggesting that upside momentum has weakened. However, the overall outlook remains constructive as long as the pair stays above the 50-day SMA [1].
A sustained break above the 21-day SMA could pave the way for a move toward 0.8150 and potentially the 0.8200 psychological level. Conversely, a drop below the 50-day SMA would expose the 0.8000 psychological level, with further losses potentially targeting the 100-day SMA at 0.7968 and horizontal support at 0.7900 [1].
Market participants are closely watching the upcoming US CPI data, which is a key indicator of inflation and can influence the US Federal Reserve's monetary policy decisions. The consensus for the monthly CPI figure is 0.1%, compared to the previous reading of -0.4%. A higher-than-expected CPI reading is generally seen as bullish for the USD, while a lower reading is considered bearish [1]. The Fed is expected to maintain an aggressive stance on inflation in the foreseeable future, as price pressures remain elevated due to ongoing supply-chain issues and bottlenecks [1].
CONCLUSION
USD/CHF is trading with a positive bias above key technical support levels as traders await the US CPI data release. The outcome of the CPI report is likely to influence the pair's direction and broader market sentiment, given its implications for US monetary policy. Market participants remain cautious, with technical indicators suggesting balanced momentum and key resistance and support levels in focus.