FX.co ★ USD/CHF

Hello! On the USDCHF hourly timeframe, the price continues to trade in a narrow sideways range after a series of fluctuations, showing no clear trend and a struggle between buyers and sellers. The current quote is around 0.8026 with a minimal decrease in the closing of the last candle. The pair has repeatedly tested the upper boundary of the range to the north around 0.8030, where local highs were formed and the price encountered resistance, bouncing back down. A confident breakthrough and consolidation above this zone will open the way to the north towards 0.8040–0.8050, and with further momentum — potentially towards higher levels of the previous month. On the south side, the key support runs through the level of 0.8024–0.8020, coinciding with recent lows and a volume accumulation zone. A breakdown below this area will strengthen bearish pressure, with immediate targets around 0.8000–0.7990, where psychological levels and previous lows are located. Overall, the market remains in a consolidation phase with a slight bearish bias amid recent pullbacks. I am waiting for a clear signal in the form of a breakout of one of the range boundaries to determine the priority direction in the near future.