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USD/CHF rebounds, testing 0.8100 after support at 0.8042 holds
The pair jumped more than 0.40% after falling toward 0.8045, with RSI improving and the next upside level seen at 0.8171 if 0.8100 breaks.
USD/CHF reversed course late Thursday, rising by more than 0.40% as the US dollar recovered amid risk aversion, heightened Middle East tensions, and strong US economic data, FXStreet reported. The pair was last around 0.8088 after bouncing off daily lows near 0.8045.
The turnaround came after USD/CHF tested the March 31 high-turned-support at 0.8042, prompting a move back toward 0.8100. FXStreet said momentum on the daily chart, measured by the Relative Strength Index, is pushing higher again after briefly touching the neutral 50 level on Wednesday.
FXStreet outlined key levels around 0.8100, saying a move above it could lead to a retest of the August 1, 2025 daily peak at 0.8171, and then the June 4, 2025 high at 0.8250. On the downside, the outlet said a drop back below 0.8100 could bring attention to the 0.8000 psychological level, followed by the 50-day simple moving average at 0.7967 and the 200-day SMA at 0.7919.