USDCHF: A Bullish Reversal Hinges on 0.7985

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USDCHF: A Bullish Reversal Hinges on 0.7985

USDCHF is currently testing a critical support zone near 0.7880—a level not seen since 2011.

The fact that price has returned to this area after more than a decade underscores the significance of this moment.

The pair remains under pressure for two key reasons:

Ongoing US tariff tensions have created big uncertainty and weighed on the dollar.

The Swiss National Bank continues to intervene in the FX market under the pretext of supporting the domestic economy and controlling inflation. While their reasoning may seem increasingly dubious, the impact on USDCHF is undeniable.

A decisive move above 0.7985 could signal the start of a bullish trend, with potential upside targets at 0.8060 and 0.8190.

A break of this resistance would not only shift short-term momentum but could also signal a broader trend reversal.

You may find more details in the chart!
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