FX.co ★ USD/CHF

On the four-hour chart of the USD/CHF currency pair, we can see that the bulls are still unable to recover from the recent sharp decline of the US dollar in the market, as its price dropped to the 0.7865 support level against the Swiss franc. Therefore, the previous uptrend that was in place until April 7 cannot be considered valid anymore, as the pair's low was broken below the 79th figure. However, we also observe a lack of further downside momentum for now, so there is a possibility that after trading within the range between the reached minimum of 0.7865 and the resistance at 0.7915, the pair might still turn bullish. Intraday perspective suggests that with the support of the H4 stochastic, from the current position of 0.7901, the USD/CHF pair could rise again towards the level of 0.7915. However, from there, I expect a new decline towards the 0.7865 level, and further developments will depend on the situation.