• USD/CHF may explore the region around the ascending channel top at 0.8040.
• A bullish bias prevails as price extends above both the nine- and 50-period Exponential Moving Averages.
• The initial support lies at the nine-day EMA of 0.7945.

USD/CHF rebounds after registering modest losses in the previous day, trading around 0.7960 during the European hours on Friday. The technical analysis of the daily chart indicates the pair is remaining within the ascending channel pattern, signaling an ongoing bullish bias.

The USD/CHF pair is holding a constructive near-term bullish bias as price extends above both the nine-period and 50-period Exponential Moving Averages (EMAs). The alignment of the shorter EMA above the longer one hints at a developing upward phase, while the 14-day Relative Strength Index (RSI) at about 60 stays in positive territory without yet signaling overbought conditions, suggesting buyers retain the initiative for now.

The USD/CHF pair may rise toward the upper boundary of the ascending channel around 0.8040, followed by the six-month high of 0.8042, recorded on March 31. Further advances above this confluence resistance zone would strengthen the bullish bias and lead the pair to explore the region around nearly a yearly high of 0.8171, reached in August 2025.

On the downside, the immediate support appears at the nine-day EMA of 0.7945. Further declines would weaken the bullish bias and put downward pressure on the USD/CHF pair to navigate the region around the lower boundary of the ascending channel around 0.7910, followed by the 50-day EMA at 0.7879. Further declines would expose the three-month low of 0.7761, which was recorded on May 8.

(The technical analysis of this story was written with the help of an AI tool.)