The USDCHF continued its rebound today (and is following the USD higher), building on Friday's upside momentum after finding support at the 100-hour moving average (blue line on the chart above). The pair has since broken above the 200-hour moving average at 0.7962, shifting the short-term bias in favor of buyers (see the green line on the chart above).

With the move higher, focus now turns to the next key targets:

• The high from last week at 0.7986

• The 38.2% retracement of the June-July move lower, which comes in at 0.80026

The broader context shows that the low from last week was a significant technical level — a new low not seen since 2011 — and it held at the lower trend line (red channel support), giving way to a potential reversal.

As long as price holds above the 200-hour MA, the short-term bullish bias remains intact.

Key technical levels:

• Support: 0.7962 (200-hour MA), 0.7930 (100-hour MA)

• Resistance: 0.7986 (swing high), 0.8003 (38.2% retracement), 0.8045–0.8054 (swing zone above)