USD/CHF Rally Reclaims Key 4‑Hour Levels, Targets Upper Range
The US dollar versus Swiss franc pair extended its rebound from Monday’s low, with buyers pushing price back through a dense confluence of technical resistance on the 4-hour chart. The move restores bullish momentum in the forex pair and puts the upper end of the recent trading range back in focus.
After an early pause, USD/CHF reclaimed a key cluster that included the 200-bar moving average near 0.7994, the 50% midpoint of November around 0.8000, and the 100-bar moving average at 0.80127. Holding above that zone opened the path toward the next waypoint at 0.8030, which aligns with the 61.8% retracement and a notable swing low from two weeks ago. A sustained break over 0.8030 would strengthen the bullish bias and expose resistance in the 0.80666–0.8076 area.
In the broader context, USD/CHF has largely oscillated between about 0.8076 on the topside and 0.78714 on the downside since mid-August. The lower boundary held on Friday, attracting dip buyers and helping shift the near-term bias upward. As long as price holds above the reclaimed 0.7994–0.80127 support band, the focus remains on a potential test of the multi-month upper boundary. A failure back below that cluster would temper the uptrend and refocus attention toward the mid-range.
Key Points – USD/CHF extends gains from Monday’s low, lifting back above key 4-hour moving averages. – Critical cluster reclaimed: 200-bar MA near 0.7994, 50% November midpoint at 0.8000, and 100-bar MA at 0.80127. – Next resistance levels: 0.8030 (61.8% retracement/swing low), then 0.80666–0.8076. – Since mid-August, the pair has ranged between roughly 0.78714 and 0.8076. – Bias remains constructive while holding above 0.7994–0.80127; a drop below would weaken momentum.
