FX.co ★ USD/CHF

Hello traders, The USD/CHF pair is reacting to the current trend of pausing dollar purchases. Trading is taking place near the base of the 79th figure. In case of a deeper correction, the price may return to the level of 0.7836 (Murray 5.8). The potential of this support is reinforced by the H4 Tenkan line, making its breakthrough unlikely. If the upward movement resumes, bulls will need to make a new attempt to reach the resistance level at 0.7934 (Murray 6.8).