USD/CHF Grinds Higher on Technical Support

The US Dollar vs Swiss Franc exchange rate has maintained its upward momentum, but remains capped by key technical levels. Despite this, the pair continues to hold a bullish long-term structure.

The USD/CHF price has moved above the 200-day moving average at CHF 0.7913, indicating ongoing support for the currency pair's long-term outlook.

However, the short and medium-term outlook is less promising, with technical indicators pointing to continued weakness in sellers' control.

The expected range for the next five days is between Fr.0.8015 and Fr.0.8107, with a 78% likelihood of a downward move, according to the analysts.