FX.co ★ USD/CHF

In the USD/CHF pair, there were no significant surprises. The price continues to be pressured towards the lower boundary of the current trading range. The scenario with a decline still remains possible, but to move downwards, it is necessary to firmly establish below 0.7750-0.7740. After that, sellers will have the opportunity to continue the decline towards 0.7720, 0.7705, and 0.7690. If it is possible to consolidate below 0.7690, then it will be possible to descend to 0.7660, 0.7635, and 0.7600. And in this scenario, it is not guaranteed that the decline will stop at 0.7600, but this will be seen in the actual price action. There are no special prerequisites for growth in USD/CHF, but the sentiment may change with news. If buyers manage to push above 0.7780-0.7790, then they will have a chance to rise to 0.7815. Consolidation above 0.7815 could lead to an increase towards 0.7875 and 0.7935. It is too early to think about more distant northern targets; after all, the advantage remains on the side of the sellers.