USDCHF Analysis: Bulls Take Charge, Testing Key Long-Term Resistance

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDCHF for July 29, 2025.

Technical Analysis of USDCHF

USDCHF Daily Chart Insights

• Stochastic Oscillator: The indicator shows a bullish divergence, , suggesting waning downward momentum. Meanwhile, the price is working to maintain support above the short-term purple moving average.
• Key support area: A daily close that holds above the immediate resistance level of 0.8100 would validate emerging short-term bullish momentum. Such a breakout would probably lead to an advance toward the subsequent resistance zone at 0.8250. However, a meaningful trend reversal would require a decisive breach above the major resistance and black moving average near 0.8350.

USDCHF 2-hour Chart Analysis

• Bullish (Short-Term): The chart displays a striking momentum reversal. Following a phase of decline and sideways consolidation, the price has executed a forceful bullish breakout, decisively penetrating all three moving averages. The sharp upward trajectory of both the price action and moving averages validates intense near-term buying pressure.
• Breakout scenarios: A sustained close above 0.8060 would confirm continued bullish momentum, negating the previous swing high and opening the path to higher levels. Given the overbought conditions, a pullback remains likely. A break below immediate support at 0.8000 could spark a corrective decline toward secondary support at 0.7985. Failure to maintain this level would suggest a deeper correction is developing, targeting the major support zone at 0.7960. A breach below this critical support would neutralize the prevailing bullish bias.

USDCHF Pivot Indicator

• The moving averages are now spreading apart and angled upward, representing a textbook indication of a robust and sustainable uptrend. The price is systematically establishing higher highs and higher lows.
• Bullish Breakout Scenario: The most probable scenario given current momentum involves a successful hold above immediate support at 0.8020, followed by a decisive break and close above resistance at 0.8035, which would confirm uptrend continuation. This breakthrough would pave the way for a test of the 0.8050 level and potentially beyond.
• Bearish/Corrective Scenario: Should immediate support at 0.8020 (purple MA) fail, it could initiate a deeper correction. Sellers would initially target the psychological support at 0.8000. A breach below 0.8000 would indicate significant momentum loss and potentially drive prices toward the major support zone around 0.7985. While this wouldn’t necessarily invalidate the broader bullish trend, it would suggest a more substantial corrective phase is underway.

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Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.