FX.co ★ USD/CHF

It is worth noting that nothing has changed for the USDCHF pair in the sense that the upward movement continues. There is still room to grow, as the area around 0.8040 has been maintained, indicating ongoing upward pressure. Moreover, there is a long absorption on the daily charts. However, there have been attempts to pull back, almost reaching 0.79, but it would still be desirable to see the pair lower, which I do not rule out. Of course, today many places are on holiday, and we are essentially at a standstill, but we still have the US labor market data coming out. In general, I do not consider trades at these price levels. However, I believe we may drop below 0.7875 and only then would I consider buying.