USD/CHF Eyes Gains Above 0.8100 on Bullish Setup
The USD/CHF pair rebounded from the 0.8060 area on Thursday, snapping a two-day losing streak, with bulls targeting a break above 0.8100.
USD/CHF found support near 0.8060 on Thursday, attracting buyers as the US Dollar ticked higher. The move snapped a two-day decline, pushing spot prices up by roughly 0.15% to trade around the 0.8080–0.8085 area during the early European session.
The pair’s technical structure remains bullish, with the current recovery setting the stage for further gains. Analysts flag the 0.8100 level as the next key hurdle, and a sustained break above it would confirm the uptrend extension.
Momentum indicators on short-term charts are aligned with the bullish bias, suggesting the path of least resistance is to the upside. A firm hold above the 0.8060 support now reinforces the near-term positive outlook.
Source: FXStreet Forex News