USD/CHF Price Forecast: Bearish flag holds as bulls eye 0.8150
The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss.
USD/CHF Price Forecast: Technical Outlook
The ‘bearish flag’ remains in play. Although the pair refreshed a two-day low, closing Friday’s session near the week's highs, it could open the door to a breakout to the upside and a resumption of the uptrend.
The Relative Strength Index (RSI) is bullish but has turned flat, suggesting additional sideways trading lies ahead.
If USD/CHF breaks above 0.8150, the next area of interest would be the July 29 high at 0.8207. Once surpassed the next stop is the June 19, 2925 high at 0.8215, followed by the June 4, 2025 peak at 0.8250. Up next is 0.8300.
Downwards, the first support for USD/CHF is the low of the day (LOD) at 0.8103, which opens the path for a move lower to the 50-day Simple Moving Average (SMA) at 0.8079. The next support level would be the July 30 swing low of 0.8035, ahead of 0.8000.
USD/CHF Price Char – Daily
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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