USD/CHF Holds Above 0.7800 as Risk-Off Mood Surges: US Dollar Strengthens Sharply

USD/CHF is trading above the 0.7800 threshold (around 0.7815) as a broad risk-off swing drives demand for the US dollar. Safe-haven flows, resilient US labor and manufacturing data, and a hawkish Fed versus a cautious SNB underpin dollar strength. Technicals show a bullish bias — price above the 50-day MA, RSI near 60 — with immediate resistance at 0.7850 and a potential extension toward 0.7900–0.8000 on a breakout. The move reflects wider market weakness: global equities falling, bond yields rising and commodities weakening. Traders should monitor DXY strength and risk sentiment; a reversal in risk appetite or positive geopolitical/trade news could restore the franc.