Good evening! The market situation has started to shift in favor of the US dollar since yesterday, it is rising, and after yesterday's dip, the bulls are pushing again, supported by economic data from the US published today, indicating that the growth is not random. Regarding the Swiss franc, the USD quotes have already approached yesterday's intraday high area at the level of 0.8280. There is a possibility of breaking the resistance at 0.8255 within the four-hour chart, and according to my trading strategy, this will happen when the bulls open a new bullish candle above the mentioned level. If the breakout occurs, there are no further resistances for me until the level of 0.8360, so if the USD/CHF price does not return to decline in the near future, there is a high probability of growth towards the indicated level shown on the screen, followed by a trend reversal to the upside. Currently, the technical analysis still favors the bears, but it is possible that soon the indicators will start to change color following the price.
