USD/CHF Bulls Target 0.8150 Resistance Zone After Key Moving Average Bounce

The USD/CHF pair is showing signs of bullish momentum after bouncing off its 50-day simple moving average (SMA), a key level that has historically acted as a pivot for short-term trends.

This bounce suggests that bulls are defending the near-term uptrend, and a sustained move above recent highs could open the door to the 0.8150 resistance zone.

Technical indicators such as the Relative Strength Index (RSI) are turning positive, with the index recovering from oversold conditions. A close above the 0.8100 handle would strengthen the bullish case, while a break below the SMA would negate the current setup.