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Current Trend:
The USD/CHF pair is in an ascending channel, indicating a short-term bullish trend. The price is currently testing the upper boundary of this channel, near the resistance zone at around 0.8845.
Support and Resistance Levels:
Resistance: The next key resistance level is around 0.8860, which aligns with the upper boundary of the ascending channel.
Support: Immediate support is found near 0.8825, with a more significant support level around 0.8800.
Indicators:
The RSI is showing a slight bearish divergence, which may indicate a potential pullback or consolidation before the price attempts to break above the resistance zone.