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…
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