FX.co ★ USD/CHF

At the moment, there is a noticeable strengthening of bearish sentiment in the USD/CHF currency pair, but overall, nothing serious is happening yet, and bulls shouldn't worry for now. In any case, a correction to the south was expected due to the technical overbought condition of this currency pair, as indicated a little earlier by the stochastic indicator, which has already started to alleviate it. Comparing the pace of its decline with the current price near the top of the regression channel at Murray 5/8 - 0.7965, I believe that the current bearish correction will be smaller than the previous one and will most likely end in the middle of the regression channel at Murray support 4/8 - 0.7935. After that, we will need to wait for the resumption of the USD/CHF uptrend towards the main Murray resistance in the current trading range at 8/8 - 0.8057.