The USD/CHF is facing downward pressure as expectations for a Federal Reserve rate cut loom. Investors are closely monitoring the situation as the Fed is expected to lower interest rates in the near future. This has caused the USD/CHF pair to experience a decline in value. Traders are cautious as they anticipate the potential impact of the rate cut on the currency pair. The market is eagerly awaiting further developments and announcements from the Federal Reserve to gauge the future direction of the USD/CHF.