FX.co ★ USD/CHF

The US dollar in the USDCHF pair is not yet ready to resume growth. The bulls failed to rise above 0.8120 and even allowed the bears to push the price back below 0.8085. A decline is becoming relevant again, and the sellers’ targets are the levels 0.8070 (almost reached), 0.8055 and 0.8040; from these levels the price may bounce and resume growth. If the bears manage to consolidate below 0.8040, then they will have the opportunity to continue moving south to 0.8025, 0.8010 and 0.7995, and after that it will be necessary to assess the prospects based on the situation. If buyers become more active in the near future and manage to push the USDCHF price back above 0.8085, then they will have a chance to continue the rise to 0.8100, 0.8120 and 0.8135. For a move toward more distant northern targets, the bulls will have to break through 0.8135, after which the path will open to 0.8150, 0.8180 and 0.8195–0.8210.