USDCHF Edges Higher: Bullish Momentum Builds on Strong U.S. Data, Eyes 0.8150

USDCHF showed a minor pullback after a minor profit-booking. Currently trading at 0.80577, it reached an intraday high of 0.80624. 

Released this week, U.S. economic data revealed a picture of resilient growth heading into Q4 2025: September durable goods orders increased 0.5%, moderating from 3.0% in August but propelled by a solid 0.9% gain in core capital goods orders (a closely watched proxy for business investment), even as non-defense aircraft bookings decreased 6.1%. Concurrent first jobless claims for the week ending November 22 fell 6,000 to just 216,000—the lowest level since February and well below the anticipated 225,000—marking a third consecutive weekly drop and highlighting continuing labor-market tightness notwithstanding scattered large-company layoff news. Taken together, the studies support forecasts for a still-strong U.S. economy and a quickening third-quarter expansion.

Technical Analysis Points to Further Bullishness

The pair is trading above the 55-EMA,the 200-EMA, and the 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at  0.80580; any break above targets  0.8105/0.8150/0.82180.

Support Levels and Potential Declines

On the downside, near-term support is around 0.8020; any violation below will drag the pair to 0.8000/0.7965/ 0.7920/0.7865/0.7800.

Indicators (1-hour chart)

CCI (50) - Bearish

Directional Movement Index -  Neutral

Trading Strategy Recommendation

It is good to buy on dips around 0.8048-50 with SL around 0.8020 for a TP of 0.8150.