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2025-07-29 18:03:37
USD/CHF Technical Analysis: The daily chart shows USD/CHF rebounding from the low of 0.7871 and currently trading around 0.8050, above the middle Bollinger Band at 0.7976. With the upper Bollinger Band at 0.8065 and the lower Bollinger Band at 0.7887, the overall band has narrowed, indicating reduced volatility and a market accumulation phase. The upward trend has approached the key resistance level of 0.8100, which resonates with the upper Bollinger Band and the previous high trading volume area, creating some short-term technical pressure. Analysts believe that a successful break above this level could open up further upside potential. Support levels below include 0.8030 and the middle Bollinger Band. A break below this level could lead to a retest of the low of 0.7871. Regarding indicators, the MACD shows that both the DIFF and DEA are slightly correcting below the zero axis, with the red bar chart gradually expanding, indicating a rebound in short-term bullish momentum. However, the DIFF and DEA remain in negative territory, indicating a fully confirmed upward trend. The Relative Strength Index (RSI) is at 55.35, breaking through neutral territory and stabilizing in a relatively strong pattern, but still facing further overbought territory. Overall, the technical analysis suggests a mild short-term rebound, but strong resistance is present above, and a trend reversal still needs to be confirmed.
