FX.co ★ USD/CHF

The USDCHF pair had a very promising trading session closure on Friday in favor of sellers. From the Envelopes perspective, I currently have a synchronous signal for a price decline continuation across three main timeframes: hourly, four-hour, and daily scales, where the envelopes are performing quite well. The resistance zone will be defined by the area limited by the levels of 1.8044 - 1.8070, with the closing price at 1.8035. Consequently, the target for the price drop on the daily scale is the support level at 0.7902, but initially, I expect a decline only to 0.7965.