FX.co ★ USD/CHF

Based on the overall picture on the chart, the pair is currently in a sideways movement, accumulating before potentially continuing its northern direction. However, in order for this to happen, prices must not drop below the support level at 0.7708 and instead move above the moving average. Subsequently, breaking above the resistance at 0.7770 and holding above that level is crucial. This would signify the continuation of the uptrend. The presumed target to the north is the resistance at the level of 0.7816, where we will assess the situation. Well, we understand what a drop below the support entails, right? Happy trading!