The currency pair gains 0.11% to trade at 0.7991, nearing a key resistance level after a bullish technical pattern forms.
The USD/CHF pair climbed 0.11% to 0.7991, approaching the 0.8000 mark as risk aversion supported the US dollar. The move follows confirmation of an inverse head-and-shoulders pattern, signaling potential further upside.
Technical indicators, including a flattish Relative Strength Index near 65, suggest bullish momentum. A break above 0.8000 could target 0.8040-0.8050, with resistance at 0.8100 and the November 5, 2025 high of 0.8124. Support lies at 0.7968 and the 200-day SMA at 0.7907.
The Swiss franc showed mixed performance against major currencies, strengthening against the Australian dollar but weakening versus the USD.