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fxAug 3, 2026, 9:55 PM

USD/CHF Bulls Target 0.8150 After SMA Bounce

USD/CHF rose 0.27% on Monday as traders bought the dollar following a US and Japanese FX intervention. Bulls now aim for 0.8150 after the pair bounced off a key simple moving average.

USDCHF

The US dollar strengthened against the Swiss franc on Monday, with USD/CHF up roughly 0.27%. The move was driven by fresh demand for the greenback after the US and Japan reportedly intervened in foreign exchange markets.

Technical charts showed the pair bouncing off a significant simple moving average, which activated bullish momentum. As a result, market participants are now focusing on the 0.8150 level as the next upside target.

No specific details of the intervention were immediately available, but the joint action has temporarily shifted sentiment in favor of the dollar.

Source: FXStreet Forex News