The USDCHF pair slightly pulled back during its recent intraday trading, taking profits from previous gains while attempting to gain bullish momentum that may support a renewed upward move. At the same time, the pair is easing some of its clearly overbought conditions on the relative strength indicators, which is beginning to show a negative crossover, following its recent break above our last price target at the 0.7910 resistance level.

The pair continues to benefit from dynamic support as it trades above EMA50, reinforcing the stability and dominance of the main bullish trend in the short term, with price movements aligned along a minor supporting trend line.