The currency pair holds above its 100-hour moving average, reinforcing a near-term bullish bias with key resistance at 0.80178.
The USDCHF pair advanced toward the 0.8000 psychological resistance level, trading near 0.8004 after reaching a session high of 0.8009. The pair remains above its 100-hour moving average at 0.7977, a critical support level that has held since June 2, except for a brief dip on June 5.
Technical momentum favors buyers as long as the price stays above the 100-hour moving average. A break above 0.80178 could target the March-end high at 0.80417, aligning with mid-January peaks. Conversely, a drop below 0.7977 would shift focus to support near 0.7946, risking a deeper correction.