FX.co ★ Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders on Friday evening! Today the US dollar received strong drivers for strengthening from the fundamental data published in the "NonFarm Payrolls" report, which turned out to be very positive for the American currency. As a result, it is rising in all pairs, and in particular, against the Swiss franc, its price has already risen above the resistance of 0.7955 with a breakthrough of the pair's highs from March 18, opening the way up to the level of 0.8040, corresponding to the pair's highs from March 31 of this year. Certainly, this target is still far away, so the movement of USD/CHF will be zigzag, but the bullish targets are already clear. Therefore, in case of a southern correction starting, there is no need to panic, as the nearest rebound point is already at the level of 0.7940. And in the best case scenario for the bulls, a drop in the price of USD/CHF to the level of 0.7925 can be expected. From this level, at most, a resumption of growth is expected and a rise of USD/CHF to the resistance at 0.7990.