FX.co ★ USD/CHF

On the H4 chart of USD/CHF, I see that the flat structure in the franc has finally ended after the PPI release, and I interpret the initial dollar strength as a reaction to expectations, while I see the subsequent inflation publication accelerating the pair’s decline rather than extending bullish momentum. I note that from the resistance at 0.7747, I can clearly define a bearish intrawave structure, and I rely on my oscillators to confirm that the short-term trend pressure remains to the downside despite emerging signs of exhaustion. I observe that the faster CCI has already completed its downward cycle, and I interpret this as an early signal that a corrective rebound could develop from the lower boundary of the wedge pattern. I recognize that price is now interacting with the wedge’s support line, and I believe the current downward wave is close to completion within this formation. I expect that trading may open with a bullish pullback, and I base this assumption on the CCI’s upward rotation and the MACD attempting to stabilize around the neutral line. I consider that even a modest bullish wave could retest 0.7747, and I treat this level as the first technical magnet for price in the short term. I acknowledge that if buyers manage to sustain momentum above that resistance, I will shift my focus to 0.7791, where I see stronger confluence supported by the EMA200 and structural resistance near the upper wedge boundary. I also understand that a breakout above this cluster could open the path toward 0.7852, which I would interpret as a transition into a developing ascending channel. I admit that for now I am limiting my expectations to a corrective move toward 0.7747, and I prefer to reassess the broader structure on higher timeframes over the weekend before committing to any stronger directional bias.

Greetings! I have revised my local forecast over the past week because I initially expected only bullish continuation, but I recognized that once the price began to correct, I needed to reassess my entire analytical framework. I applied a Fibonacci retracement to the previous growth impulse, and I discovered that USD/CHF has formed an internal corrective structure with a 61.8% retracement target at 0.7680, which I consider a technically significant level. I opened the chart and observed that sellers pushed the price decisively toward this 0.7680 level with strong downside momentum, and I interpret this move as a technically precise reaction rather than random volatility. I now see that USD/CHF is trading at key structural support, and I believe this area represents a potential inflection point where bearish pressure may begin to fade. I connect the second stage of my forecast to a projected 180-point upward movement, and I calculate that such a rally would bring the pair toward the main medium-term Fibonacci 61.8% retracement level at 0.7870. I view this 0.7870 level as the broader corrective objective within the larger structure, and I anticipate that once price reaches this zone, the market could resume the dominant corrective movement. I understand that timing is critical at this stage, and I believe that reversing the current position near support offers a favorable risk-to-reward profile if bullish confirmation appears. I acknowledge that volatility has likely completed its main intraday movements for today, and I expect that any strategic repositioning will carry over into next week. I plan to monitor momentum indicators and higher timeframe confirmation before committing fully, and I remain flexible in case price fails to hold above 0.7680, as I know that invalidation levels must always be respected in disciplined trading.