USDCHF not ready to abandon its positive trajectory

Overview: USDCHF ended its brief pullback from the one-year high of 0.8200 near the 50-SMA at 0.8045 last week and has shifted back into recovery mode, reviving hopes that the 2026 uptrend from 15-year lows could extend further within a bullish channel.
Momentum: The RSI is attempting to re-enter the bullish territory, while the stochastic is preparing to turn higher from oversold levels, both reinforcing the positive outlook.
Bullish scenario: A decisive close above the 20-SMA at 0.8120 could pave the way toward the channel’s upper boundary and the 38.2% Fibonacci of 0.8210. A move above that area could then open the door to the psychological level of 0.8300.
Risk: A drop below 0.8030 could undermine the bullish outlook and put the broader uptrend into question.







