The currency pair climbed 0.21% to 0.8184, testing key resistance at 0.8214 after rebounding from early losses.
USDCHF extended its July rally, rising 0.21% to 0.8184 and reaching its highest level since June 2025. The gain followed a rebound from an early European-session dip, with buyers stepping in near 0.81513 support.
The pair is now testing a critical resistance zone between 0.8170 and 0.8214, which includes the 38.2% retracement of the January 2025-January 2026 decline at 0.82116. A sustained break above 0.8214 would reinforce bullish momentum.
Earlier weakness stemmed from stronger-than-expected Eurozone flash PMI data, which supported the CHF. However, sellers failed to hold control, allowing USDCHF to recover and challenge a topside trendline near today’s highs.