The US Dollar has found its footing again against the Swiss Franc. The USD/CHF pair has rebounded from 0.8042 support, keeping its broader bullish structure firmly intact. After dipping to that level, the pair staged a sharp U-turn, and buyers are now pushing the exchange rate toward the closely watched 0.8100 mark. Live trading shows the pair changing hands around 0.8081, up 0.43% from the previous close of 0.8047. The day's move reinforces the read that the recent pullback was a breather rather than a genuine reversal.
Why 0.8042 mattered
The 0.8042 area carries weight because it was the March 31 high that has since flipped into support. When price returned to that level and held firm, the pair turned back higher, accelerating the climb toward 0.8100. A support zone defended this cleanly tends to embolden buyers, and that is a big reason the uptrend has stayed alive so far.
Momentum comes back to life
Momentum, as measured by the Relative Strength Index (RSI), shows that bulls are gathering steam after taking a breather on Wednesday. On that day the RSI briefly touched the 50 neutral level, but since then its aim has turned toward 60, a sign that the uptrend could continue. Live readings put the RSI (14) at 55, sitting above neutral and pointing upward, which lines up with fresh buying interest. The ADX, a gauge of trend strength, stands at 28, pointing to a defined move rather than aimless chop.
The levels that matter on the upside
If USD/CHF climbs above 0.8100, it opens the door to a test of the August 1, 2025 daily peak at 0.8171, and then the June 4, 2025 high at 0.8250. Live data flag immediate resistance at R1 0.8107 and R2 0.8133, while the 52-week high sits at 0.8170. Clearing these levels would give the rally added conviction.
Where the downside risk lies
On the other hand, a drop below 0.8100 would expose the psychological 0.8000 level. Below that, the 50-day Simple Moving Average (SMA) sits at 0.7967, followed by the 200-day SMA at 0.7919 as a deeper cushion. Live figures show nearby support at S1 0.8045 and S2 0.8009, with the pivot at 0.8071. These are the areas where buyers would likely try to mount a comeback if selling picks up.
The Franc's day
Among the major currencies, the Swiss Franc was the strongest performer against the British Pound today, posting its best gain of the session against the Pound.
The inflation backdrop
The bigger picture is shaped by the latest inflation data. June CPI fell 0.4% on the month, the largest one-month decline since April 2020. That drop dragged the annual rate down to 3.5% from May's 4.2%, snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and easing to 2.6% year on year. Both figures came in under consensus, and readings like these can steer the Dollar's next move in the days ahead.
