USD/CHF Breaks 0.8041 Resistance, Rally Targets 0.8198 Projection

USD/CHF confirmed resumption of its broader rally from 0.7603 after breaking above the 0.8041 resistance level last week. The pair is now eyeing the 100% Fibonacci projection target at 0.8198, measured from the 0.7603–0.8041 swing and based from the 0.7600 low. Key support to watch on the downside sits at 0.8012, the former resistance level now flipped to support. The intraday and weekly bias remains firmly bullish as long as price holds above 0.8012. A break below that level would neutralize the immediate upside outlook and invite consolidation before any fresh advance. Traders should watch for continued momentum toward 0.8198 as the primary target in the sessions ahead.