During the day, USD/CHF is pulling back. It might even be not just a pullback, but a full reversal. The price tested the key resistance level of 61.8% (0.7930) Fibonacci retracement a couple of days ago. It reversed from it after a precise touch. It's amazing how beautifully it all played out. The price needed just this slight touch to turn around. If it drops to the 200-day moving average at 0.7840, then I will be waiting for a reversal. Overall, I believe USD/CHF will go up, so in any case, I predict a rise to 61.8% again and its breakout. As the nearest target on higher timeframes, I highlight the level of 0.8200. It's important not to go too low to avoid the risks of a decline. I will also need to look for additional support below besides the MA200.
