The USD/CHF is positioned for a potential bullish bounce, with key support levels identified that may influence its upward trajectory. The 1st support, located at 0.87714, , identified as an overlap support, indicating a strong likelihood of a price bounce if this level holds. An additional layer of support is present at 0.88233, also classified as an overlap support, which could provide further stabilization and reinforce the potential for a bullish reversal
On the upside, the 1st resistance at 0.89030 an overlap resistance that could act as a target for the bounce. If the bullish momentum is sufficient to break this level, we could see a continuation of the upward trend.
