The currency pair retreats 0.12% after a four-day rally but holds above 0.8100, with technicals signaling potential gains toward 0.8150.
The USD/CHF pair declined 0.12% on the day, ending a four-day winning streak but remaining above the 0.8100 mark. The pullback follows a test of a bearish flag pattern, which analysts say could still fuel further upside if buyers regain control.
Technical indicators suggest the pair may consolidate before resuming its uptrend. The Relative Strength Index (RSI) remains bullish but flattened, hinting at sideways movement. A break above 0.8150 would target the July 29 high at 0.8207, followed by resistance at 0.8215 and 0.8250.
Support levels include the day’s low at 0.8103 and the 50-day Simple Moving Average at 0.8079. A drop below these could lead to a test of 0.8035 and the psychological 0.8000 level.