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2025-07-31 19:59:44
USD/CHF Technical Analysis: The current 60-minute candlestick chart shows a bullish continuation pattern. Since initiating trading at 0.7941, the pair has generally trended above the middle Bollinger Band. After breaking through resistance at 0.8088, it surged to 0.8150 with significant volume, forming a strong upward trend. From a Bollinger Band perspective, the channel has opened, with the upper band at 0.8162, indicating that upside potential remains uncapped. The current candlestick pattern is consolidating near the middle Bollinger Band (0.8120) and holding above support at 0.8110, indicating that bulls remain in control. While the MACD indicator shows signs of a death cross between the DIFF and DEA lines, the MACD histogram is showing signs of a greenish decline, suggesting a lack of effective bearish momentum, possibly indicating technical consolidation within the trend. Analysts suggest that if the pair re-establishes above 0.8135, it could test the previous high of 0.8150 and challenge the upper resistance level. The Relative Strength Index (RSI) is currently at 55.48, in a neutral to bullish range with no clear overbought signals, suggesting further upside potential. Overall, the technical outlook remains bullish, with the market poised for further gains after a short-term period of consolidation.
