USD/CHF is showing strong bullish momentum after breaking above a major global trendline and successfully retesting it as support. The pair has confirmed a bullish market structure with a clear Break of Structure (BOS), signaling that buyers are gaining control and the uptrend may continue.
Technical analysis suggests that the recent breakout is attracting fresh buying interest as price action remains supported above key levels. The successful retest of the broken trendline strengthens the bullish outlook and increases the probability of further upside movement.
If USD/CHF manages to break and hold above the 0.8020 resistance zone, buyers could target higher levels in the coming sessions. Momentum indicators continue to favor the bulls, while the overall market structure remains constructive for additional gains.
Key Levels
Buy Above: 0.8020
Target 1: 0.8050
Target 2: 0.8075
Target 3: 0.8100
Support Zone: 0.7980 – 0.8000
Traders should monitor price action around 0.8020 closely, as a confirmed breakout could trigger the next bullish wave toward the 0.8100 area.