The USD/CHF pair is currently testing a key support level at 0.8720, following a bounce off this level. The pair’s movement is largely influenced by the upcoming US inflation data, which traders are keenly watching. A positive inflation report could strengthen the US dollar and push the pair higher. From a technical perspective, the pair is trading within a bearish pattern, but the recent bounce off the support level suggests a potential bullish reversal. If the pair can maintain its position above this support level, we could see a further upward movement towards the resistance level at 0.8825. However, a break below the support could signal a continuation of the bearish trend.