FX.co ★ USD/CHF

Hello traders, the opening of trading in the USD/CHF pair did not bring significant changes. It appears that either buyers will consolidate above 0.7690 and then move towards 0.7720, 0.7735, and 0.7750, or sellers will drop below 0.7675 and then continue the decline to 0.7660, 0.7645, and 0.7630. Overall, the sentiment remains bearish, so even if there is an upward movement, there is a high probability that the rise will ultimately turn out to be just a pullback. Well, if there is an initial upward movement, it means that sellers will have a chance to enter short positions at higher levels. If the price goes down immediately, then after consolidating below 0.7630, we can expect a decline to 0.7615 and 0.7600. Subsequent consolidation below 0.7600 may pave the way for a move to 0.7550 and even 0.7500.