Good day! At the end of the week, the USD/CHF pair remains in a "bullish" trend, although it has not yet been able to break through the 0.9155 level, which is a six-month high reached on April 25th. The Swiss Franc is weaker than the US Dollar due to Switzerland's annual inflation falling to a more than two-year low of 1% in March, removing the need for the regulator to keep interest rates high, while the US Federal Reserve once again postpones the start of easing its monetary policy for an indefinite period. As a result, within the framework of technical analysis, the USD/CHF currency pair remains significantly above the top of the Murray regression channel at 5/8 level at 0.9109 at the close of trading and over the weekend is testing the reversal level at 7/8 at 0.9140. Therefore, the local maximum is only about 15 points away, and I hope that the bulls will soon test it, corresponding to the resistance level at 8/8 - 0.9155 according to Murray. However, as long as the stochastic indicator does not support the bulls for long, it is more likely that after touching this level, the pair may swing down again, hopefully not below the Murray reversal level at 6/8 near 0.9125. From there, I will later expect the breakthrough mentioned earlier, with further price advancement.
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