USD/CHF Fails to Break 0.8100 but Bullish Trend Intact
USD/CHF extended its rebound from the 0.7900 level for a third consecutive day but stalled near the 0.8100 YTD peak, with analysts pointing to intact bullish potential.
USDCHF
The USD/CHF pair continued its recovery from the 0.7900 support zone, marking a third straight day of gains. However, the rally faltered just ahead of the 0.8100 level, which corresponds to the year-to-date peak.
Despite the failure to breach that resistance, technical indicators suggest the bullish momentum remains alive. The pair's rebound from the 0.7900 area has been firm, and a break above 0.8100 would open the door for further upside. Traders are now watching for a decisive move to confirm the next leg higher.
Source: FXStreet Forex News