The USD/CHF pair is on a bullish run, trading near its November 2025 high, with bulls eyeing the 0.8100 mark. This surge is fueled by the US Dollar's (USD) ascent, bolstered by geopolitical uncertainties and the US Federal Reserve's (Fed) hawkish stance. The USD's strength acts as a tailwind for the USD/CHF, supporting the uptrend since early June. Key triggers for bulls include the breakout through the 200-day Exponential Moving Average (EMA) and the 0.8000 psychological barrier, as well as the previous year-to-date high. The Moving Average Convergence Divergence (MACD) line's positive histogram reinforces bullish pressure. However, the Relative Strength Index (RSI) hovers near the overbought threshold, indicating stretched momentum. The pair is likely to remain bid while above the 200-day EMA at 0.7966, acting as a crucial reference point for traders. A sustained daily close below this EMA could shift the tone, allowing for a deeper corrective pullback, especially if overbought RSI readings unwind and the MACD histogram contracts. This technical analysis highlights the dynamic nature of the USD/CHF, with potential for both bullish and corrective movements. The S&P Global Composite PMI, a leading indicator of US private-business activity, is also worth monitoring. A reading above 50 indicates economic expansion, bullish for the USD, while a reading below 50 signals decline, bearish for the USD. The next release is scheduled for June 23, 2026, at 13:45 (Preliminary). This economic indicator, derived from surveys of senior executives, provides valuable insights into the US economy's health and its impact on the USD/CHF pair.
