U.S. Dollar / Swiss Franc
Long
Updated

USDCHF – Bullish comeback in progress?

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Hey everyone! What’s your take on the current trend of USDCHF?

While the pair experienced a recent dip, take a step back and look at the bigger picture — doesn’t it still seem to be moving within an ascending channel?

Right now, USDCHF is hovering around 0.8092 and starting to bounce back. The recovery appears to be supported by a newly formed support zone and the confluence of the EMA 34 and 89. The pair seems to be eyeing the recent high, with potential to climb further toward the upper boundary of the channel.

My current bias? Bullish.
What about you — do you see the same opportunity?
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