FX.co ★ USD/CHF

On one hand, nothing has changed with the USDCHF pair, as when looking at the bigger picture, we are still trading within the same large range with approximate boundaries at 0.7850 and 0.8130. However, the situation within this sideways movement is also evolving. We have a strong bullish initiative, but there was also a local downward movement that is being broken. Although we once again dropped below 0.80, we couldn't sustain it, and the price was quickly bought up, maintaining the bullish initiative. Of course, a lot will depend on the demand for the dollar. We have inflation data from the United States coming up, followed by the Swiss National Bank meeting. Nevertheless, I am still looking north, so if we drop below 0.8010 again, I will buy there.