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USD/CHF holds support as outlook stays neutral for now

A firm break of 0.8205 is expected to extend the rally, while a decisive move below 0.8029 would shift the setup toward a deeper fall.

Reported · Written up by our desk · Major Pairs

Action Forex said USD/CHF remains in range trading and the intraday outlook is neutral as long as 0.8029 support holds.

The outlet expects further upside if USD/CHF breaks firmly above 0.8205, which it says could extend the rally from 0.7603 toward a 161.8% projection around 0.8041 (from 0.7600), with a reference level at 0.8469.

Action Forex added that a decisive break below 0.8029 would weaken the bullish case and point to a deeper decline toward channel support near 0.7911.

In the broader setup, it said attention is on a 38.2% retracement of the move from the 0.9200 2025 high down to 0.7603, and it noted that a turn lower would be reinforced if the move argues USD/CHF is reversing its medium-term trend.

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