USD/CHF Rally Continues Above Key Projection

The USD/CHF pair is currently experiencing an upward trend, according to Action Forex's analysis. A firm break above 100% projection from 0.7600 at 0.8198 would extend the rally from 0.7603 to 161.8% projection at 0.8469. This suggests that the pair may continue its upward momentum.

The bigger picture shows that focus is now on the 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213. A decisive break above this level would argue that USD/CHF is reversing its medium-term trend, turning attention to the 0.8332 support turned resistance for confirmation.

However, if the price rejects at 0.8213, it will maintain medium-term bearishness for another fall through 0.7603 at a later stage.