USD/CHF has been trading below a major descending trendline for an extended period, with price repeatedly testing the trendline but failing to break above it. This persistent rejection has kept the pair suppressed and capped its upside potential for quite some time.
Recently, USD/CHF managed to reclaim a key horizontal resistance zone, which is an encouraging sign for the bulls. While a brief retest of this area remains possible, the overall structure is beginning to look increasingly constructive.
If price successfully breaks above the long-term trendline, it could mark a significant shift in market structure and trigger a strong bullish move. Given how long USD/CHF has remained suppressed beneath this trendline, a confirmed breakout could fuel a sharp rally of 300–400 pips over the coming days, making this a key level to watch closely.
Recently, USD/CHF managed to reclaim a key horizontal resistance zone, which is an encouraging sign for the bulls. While a brief retest of this area remains possible, the overall structure is beginning to look increasingly constructive.
If price successfully breaks above the long-term trendline, it could mark a significant shift in market structure and trigger a strong bullish move. Given how long USD/CHF has remained suppressed beneath this trendline, a confirmed breakout could fuel a sharp rally of 300–400 pips over the coming days, making this a key level to watch closely.
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Follow Us On Telegram & Twitter For Regular Updates
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t.me/worldofchartsfx
Forex Telegram Channel
t.me/worldofchartsfx01
Follow Us On X / Twitter
x.com/WorldOfCharts1
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