USD/CHF Bulls Target Key Resistance as Golden Cross Forms on H4 Chart

USD/CHF is exhibiting a constructive recovery pattern, currently trading between the 50-day and 100-day moving averages on the daily timeframe, suggesting a transitional phase from bearish to potentially bullish momentum. On the 4-hour chart, a Golden Cross — where the shorter-term moving average crosses above the longer-term moving average — has formed, reinforcing the bullish technical outlook. The base formation on the daily chart indicates that sellers have been absorbed at recent lows, creating a foundation for further upside. Key resistance lies at the 100-day moving average, which bulls must decisively clear to confirm the trend reversal and open the path toward higher levels. Support is anchored at the 50-day moving average below current price, providing a near-term floor. The pair's recovery aligns with broader USD stabilization following improved US consumer sentiment data. Traders should watch for a sustained break above the 100-day MA as confirmation of bullish continuation, while a rejection at this level could signal a return to range-bound trading between the two moving averages.