USD/CHF’s rally continues today today and intraday bias stays on the upside for 0.8205/13 resistance zone. Decisive break there will carry larger bullish implications. Further rise will now remain mildly in favor as long as 0.8066 support holds, in case of retreat.
In the bigger picture, focus is back on 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213. Decisive break there will indicate that USD/CHF is at least reversing the medium term trend, and turn focus to 0.8332 support turned resistance (2023 low) for confirmation. Meanwhile, rejection by 0.8213 will suggest that rebound from 0.7603 is merely a corrective move, and the long term down trend is not complete yet.
