USD/CHF Tests Bearish Flag Ceiling Amid Flattening Momentum

USD/CHF is hovering near the upper boundary of a bearish flag pattern around 0.8134, after softer US producer inflation data was released.

The price action has been printing higher highs and higher lows, maintaining a broader bullish structure in place.

Momentum, however, has flattened, with the Relative Strength Index (RSI) no longer rising, leaving the pair vulnerable to a pullback if it drops below 0.8000.

A break through the flag's trendline around 0.8140/45 would shift focus to 0.8200 and then the June 19, 2025 daily high at 0.8215, with the June 4, 2025 peak at 0.8250 beyond.