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The USD/CHF currency pair extended its rebound last week, indicating that the recent pullback from the 0.8205 peak has concluded at 0.7948 as a classic three-wave corrective structure. The pair remains well-supported within an ongoing rising channel that originated from the 0.7603 low, reinforcing the broader bullish market structure for the greenback against the Swiss Franc. From a technical trading perspective, short-term bias for the upcoming week points toward further upside momentum. Price action favors a retest of the critical 0.8205 resistance level. Technical support is currently anchored around the 0.8025 minor support level, and as long as the market trades above this threshold, buyers remain firmly in control of the trend. A sustained breakout above the 0.8205 resistance level would confirm the continuation of the primary uptrend toward higher price targets. Traders should monitor price reactions near key support levels for potential bullish entry points while remaining cautious of potential volatility caused by incoming macroeconomic data releases.
