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fxJun 11, 2026, 8:37 AM

USD/CHF Eyes 0.8000 Barrier as Ascending Channel Persists

USD/CHF pauses its four-day winning streak near 0.7990 during European trading, with technicals pointing to a bullish bias as the pair moves within an ascending channel.

USDCHF

USD/CHF halted its four-day winning streak on Thursday, trading around 0.7990 during the European session. The pair maintains a bullish bias according to daily chart technical analysis.

The currency pair continues to trade within an ascending channel pattern, suggesting persistent bullish momentum. The next target could be the 0.8000 psychological barrier near the channel's upper boundary.

Source: FXStreet Forex News