Yesterday, USD/CHF made a strong bullish move from 0.8620, with the daily candle closing at the 0.8760 level. Today, the price remains near this level, showing resilience. In the 4-hour timeframe, both the 50 EMA and 200 EMA are providing dynamic support, while the RSI hasn’t yet entered the overbought zone, signaling further upward potential.
Key Support and Resistance Levels:
Support Levels: 0.8680 and 0.8640
Resistance Levels: 0.8826 and 0.8937
Forecast: USD/CHF may maintain its uptrend in the upcoming sessions, potentially reaching the next resistance at 0.8830. A further bullish move could drive the price toward 0.8940. However, before resuming the upward trend, a slight pullback to the 0.8670-80 area is possible.
Given the current setup, a bullish outlook remains favorable for the USD/CHF pair.
