The pair rebounds from daily lows near 0.8056 after US-Japan FX intervention and upbeat US economic reports lift demand.
The USD/CHF rose 0.27% to 0.8100 on Monday, recovering from a session low of 0.8056. The move followed coordinated FX intervention by US and Japanese authorities, alongside better-than-expected US economic data and eased US-Iran tensions, bolstering the dollar’s appeal.
Technical momentum turned bullish after the pair bounced off its 50-day Simple Moving Average at 0.8037, pushing it above the 0.8100 level. Analysts see 0.8150 as the next resistance target, with further upside potential toward 0.8200 and the year’s peak at 0.8207 if bulls sustain momentum.
A drop below 0.8100 could signal a reversal, with support at the 50-day SMA and deeper levels at the 100-day and 200-day SMAs near 0.7954 and 0.7928, respectively.