The currency pair recovers near 0.7960 after testing the 50-day SMA, with bulls targeting a break above 0.8135 for further gains.
The USD/CHF pair regained ground, trading at 0.7960 after testing the 50-day Simple Moving Average at 0.7866. The rebound follows a period of indecision, with buyers and sellers lacking conviction on trend direction.
Technical indicators suggest a neutral to upward bias, with the Relative Strength Index above its 50-neutral level and trending higher. A break above August’s high of 0.8135 could open the path to 0.8200, while failure to clear this level may push the pair toward the 50-day SMA at 0.8084.
Market focus remains on the bearish flag pattern, which could be invalidated if the pair breaches the upper trendline, signaling potential for further upside.