USD/CHF Technical Setup Favors Further Gains

Jul 13

USD/CHF is showing renewed buying interest after successfully defending a key demand zone around 0.8080. The latest pullback appears to be a healthy retest rather than a trend reversal, with buyers stepping in to protect support. Price is also holding above the rising trendline, suggesting the broader bullish structure remains intact. The Ichimoku Cloud continues to support the positive bias, while recent candles indicate momentum is gradually shifting back in favor of the bulls.

A sustained move above the recent swing high would strengthen the bullish outlook and could attract additional buying pressure. As long as price remains above the highlighted support area, the probability of further upside remains favorable. Traders should watch for confirmation through strong bullish candles and increasing momentum before considering new entries. Proper risk management remains essential while the market tests key technical levels.

🎯 Bullish Target: • 0.8135 – Primary upside objective

Keep a close watch on the support zone, as a successful defense could fuel the next bullish leg higher.

Jul 13

Trade active

Jul 14

Trade closed: target reached