USD/CHF Rally Extends Higher in Elliott Wave Pattern, Dollar Strengthens

USD/CHF continues its upward trajectory as Elliott Wave analysis signals further US dollar strength against the Swiss franc. The pair has been climbing steadily, with the technical structure suggesting the rally is part of a larger impulsive wave pattern that may have additional upside potential. The US dollar's broad-based strength, fueled by hawkish Federal Reserve expectations and resilient US economic data, remains the primary driver of the move. Meanwhile, the Swiss franc has underperformed amid the Swiss National Bank's relatively dovish stance compared to its global peers. Key resistance levels to watch include recent swing highs, while support on any corrective pullback may form at prior breakout zones. The Elliott Wave count suggests that as long as the impulsive structure remains intact, dips could present buying opportunities for trend-following traders. Risk management remains essential, as wave invalidation levels should be closely monitored for signs of structural breakdown.