FX.co ★ USD/CHF

For the pair USD/CHF, we have returned to the upper level of the trading range according to the Envelopes indicator on the daily timeframe at 0.7952, from which we broke out on Friday. Now, a very important moment for the future direction is approaching. If we close today's daily candle below the level of 0.7952, it will open the way for USD/CHF to fall to the support level of 0.7790, and we must definitely take advantage of this opportunity. On the other hand, if we close today's daily candle above the level of 0.7952, confirming a breakout of the trading range, then the uptrend will continue. However, I do not have any targets for growth according to the Envelopes indicator, so I will not trade the north direction either.