USD/CHF Intraday Signal: Bullish Momentum Holds Above 0.7995
The USD/CHF pair maintains a bullish intraday structure while trading above the pivot level at 0.7995. Buyers remain in control, targeting resistance levels at 0.8035 and 0.8050 in extension. The ongoing momentum reflects steady accumulation above key support, with the market respecting higher lows on the short-term chart.
The RSI stands above the 50 mark, confirming positive momentum and sustained buying pressure. Price action also stays aligned with the 20- and 50-period moving averages, reinforcing a stable uptrend formation. A decisive break above 0.8035 could drive a further advance toward 0.8050, confirming continuation of the bullish wave.
Alternatively, a drop below 0.7995 would shift the short-term outlook to neutral or slightly bearish, exposing downside targets at 0.7975 and 0.7955 before potential demand returns.
Trade Setup:
Enter: Long above 0.7995
Stop-Loss (SL): 0.7975
Target A: 0.8035
Target B: 0.8050
