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Trader Journals:::2025-07-15T10:17:29

USD/CHF

USD/CHF Technical analysis D-1 Chart

USD/CHF

Yesterday, buyers hesitantly pushed the price northward on the franc, which resulted in the formation of a relatively small bullish candlestick, which is located inside the forming accumulation. So far, I do not see anything interesting for myself on this instrument, and, in general, I admit that buyers will still be able to push the price to the nearest mirror resistance level, which, according to my markings, is located at 0.80396. As I have repeatedly said, there may be two possible developments near this resistance level. The first option is associated with the formation of a reversal candlestick and the resumption of the southern movement. If this plan is worked out, then I will expect the price to return to the support level, which is located at 0.78722. If the price consolidates below this support level, I will wait for further southern movement, up to the support level, which is located at 0.77121. Near this support level, they will wait for the formation of a trading setup, which will help determine the further direction of trading. There are also options with the development of more distant southern targets, but I am not considering them yet, since I do not see prospects for their quick implementation. An alternative option for price movement when testing the resistance level of 0.80396 will be a plan with the price fixing above this level and further upward movement. If this plan is worked out, then I will expect the price to move to the resistance level, which is located at 0.82156, or to the resistance level, which is located at 0.83481. Near these resistance levels, I will wait for the formation of a reversal candle and the resumption of the downward price movement. In general, if we speak briefly, then today locally I do not see anything interesting for myself. Globally, I am focused on the continuation of the southern trend, in connection with which I am looking for bearish signals from the nearest resistance levels.
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