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fxJun 12, 2026, 7:30 AM

USD/CHF Rebounds from EMA Support, Trades Above 0.7950

USD/CHF recovered from modest losses, trading around 0.7960 during European hours on Friday. The pair remains within an ascending channel, indicating continued bullish momentum.

USDCHF

USD/CHF bounced back after minor losses in the previous session, trading near 0.7960 in European trading on Friday. The pair found support at the nine-day exponential moving average (EMA), which triggered the rebound.

Technical analysis of the daily chart shows the pair maintaining an ascending channel pattern. This structure points to ongoing bullish momentum, suggesting further upside potential if key resistance levels are breached.

Source: FXStreet Forex News