• USD/CHF may test the nine-day EMA barrier at 0.7942.
• The 14-day Relative Strength Index at 54 indicates the market is experiencing modest positive momentum
• The primary support lies at the ascending channel bottom around 0.7920.

USD/CHF depreciates nearly 0.5%, trading around 0.7930 during the European hours on Monday. 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 holds a mildly constructive tone as it trades above the 50-day Exponential Moving Average (EMA), yet it remains capped by the nine-day EMA, underscoring a near-term consolidation bias rather than a clear trend. The 14-day Relative Strength Index (RSI) around 54 suggests modest positive momentum, hinting that dips may attract buying interest while the short-term EMA still acts as immediate overhead supply.

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 rebound toward the nine-day EMA at 0.7942. Further advances would support the pair to test the six-month high of 0.8042, recorded on March 31, followed by the upper boundary of the ascending channel around 0.8060. A break above the channel would expose nearly a yearly high of 0.8171, reached in August 2025.

On the downside, the primary support appears at the lower boundary of the ascending channel around 0.7920, followed by the 50-day EMA at 0.7881. A break below the medium-term average would cause the bearish reversal and 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.)