The currency pair extends gains near 0.7960, supported by technical indicators signaling continued upward momentum.
USD/CHF trades at 0.7960 in European hours, recovering from earlier losses and maintaining a bullish bias. The pair remains within an ascending channel, supported by key moving averages and a positive RSI reading near 60.
The nine-day and 50-day EMAs align bullishly, with the shorter-term average above the longer-term one. The 14-day RSI avoids overbought conditions, reinforcing buyer control. Prior resistance levels include the March 31 six-month high at 0.8042.
Immediate support lies at the nine-day EMA of 0.7945, with further declines targeting the channel’s lower boundary near 0.7910. A break below could test the 50-day EMA at 0.7879.