FX.co ★ USD/CHF

I am noting that the USD/CHF pair on the H4 timeframe continues to behave in a way that allows for both corrective pullbacks and further upward momentum, and I am acknowledging that a return to the previously broken support line remains possible simply because the market can make abrupt moves in any direction. I am observing, however, that I still see a valid signal for upward movement on the H4 chart, and I am basing this on the breakout and the confident upward exit from the centerline, which I consider an important structural confirmation. I am aware that there wasn’t much progress to the north during the overnight session, but I am emphasizing that yesterday’s impulse toward 0.8079 and 0.8090 is a meaningful sign, and I am interpreting it as evidence that upward inertia remains active and likely to continue today. I am also analyzing the USD/CHF pair on the D1 timeframe, and I am recognizing the same directional trend, with the pair positioned at what I consider a low-launch zone where the market appears ready to leave the trading corridor between 0.7996 and 0.8079. I am focusing on the level of 0.8128, and I am preparing for the possibility of a breakout above it, because I believe this level will open the pathway toward 0.8211. I am identifying 0.8211 as the point where the southern sideways accumulation wave should finish, and I am expecting that once this level is confidently overcome, the next priority will be an extension toward 0.8320. I am concluding that while this larger upward priority technically begins only after breaking 0.8128, I still see the market structure leaning strongly toward bullish continuation, and I am interpreting the current movement as preparation for a broader upward phase rather than a shift toward renewed decline.

I am observing that Monday closed with a bullish candlestick on the USD/CHF currency pair, and I am interpreting this as an initial sign of potential upward continuation, especially since the price is currently holding at 0.8068, which I believe keeps bullish expectations intact. I am noting that buying targets have already formed on the H1 chart, and I am giving primary attention to the first target at the 161.8 Fibonacci level, which is positioned at 0.8071, because I often see this level reached with high probability during the early stages of an impulsive move. I am also keeping in mind the second target at the 261.8 Fibonacci extension at 0.8098, and I am treating this target as a realistic objective if momentum strengthens after the first level is broken with confidence. I am carefully considering the third target as well, located at the 423.6 Fibonacci extension at 0.8140, and I am aware that while this is a deeper target, the overall structure supports gradual advancement toward it if market sentiment stays positive. I am acknowledging that the first target is statistically the most achievable, but I am not ignoring the broader bullish potential beyond it. I am also watching the support level at 0.8027, and I am fully aware that a breakout below this support would cancel the upside scenario and shift the market into a selling phase, even though I personally do not favor the downside structure. I am emphasizing that I do not like the bearish scenario because it lacks clarity, momentum, and structural confirmation at this stage, and I am instead expecting the price to continue rising, potentially extending growth toward the broader region of 0.8250, which I consider a realistic and technically justified medium-term target.