USD/CHF Bulls Retake Control Amid Higher US Dollar

The USD/CHF exchange rate has resumed its uptrend after retracing following a yearly high on September 16 at 0.8263.

According to Mitrade, the pair has climbed 0.52% as it breaks above 0.8240, with higher highs remaining intact.

The Relative Strength Index (RSI) is also turning higher, reinforcing renewed bullish momentum across the pair.

With this recent rise in the US Dollar due to Fed rate hikes, USD/CHF could potentially end the year on a higher note. If the pair clears its previous YTD high, it may test 0.8300, followed by a possible breakout to 0.8347 and then 0.8400.