USD/CHF Bulls Eye Yearly Highs as Resistance Zone Approaches

USD/CHF has rallied nearly 2.8% from its August low, attempting a third consecutive weekly advance as it approaches major resistance near the yearly highs.

The recovery is now approaching a key confluence of resistance around 8200-15, where bulls will need follow-through to extend the advance.

A sustained breach above this threshold would strengthen the case for another major leg higher, while failure to clear resistance could leave the pair vulnerable to another pullback.