USDCHF rose during recent intraday trading, breaking above the resistance level at 0.7885, which represented a price target in our earlier analysis. The pair is now moving within a short-term corrective bullish trend, supported by a rising trendline, while remaining above its EMA50, which continues to provide positive dynamic support.

 

However, relative strength indicators are beginning to show negative signals after reaching overbought levels, which may limit the speed of further gains in the near term.