USD/CHF has paused its four‑day rally, currently exchanging near 0.7990 in European trading on Thursday. Technical analysis of the daily chart shows the pair advancing within an ascending channel, confirming a continued bullish stance.
The pair is recapturing levels above both the nine‑day and 50‑day exponential moving averages, reinforcing the short‑term bullish outlook. The 14‑day Relative Strength Index sits near 65, indicating strong upward momentum while approaching overbought conditions as it nears key resistance zones.
Analysts project that the pair could test the upper channel boundary around 0.8030, with the six‑month peak of 0.8042 — recorded on March 31 — acting as the next milestone. A successful breach of this resistance would extend the bullish bias, potentially propelling the pair toward the near‑yearly high of 0.8171 observed in August 2025.
On the downside, the first support zone is the nine‑day EMA at 0.7948, with the lower channel edge near 0.7900 and the 50‑day EMA at 0.7877 providing additional safeguards. A continued drop would expose the three‑month trough of 0.7761, last seen on May 8.
(The technical analysis of this story was written with the help of an AI tool.)
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