FX.co ★ blaise.rogahn | USD/CHF

Hello traders, Buyers in the USD/CHF pair tried to break out to the upside, but unfortunately, once again without success. It appears that a new barrier for growth has formed near 0.7740. Sellers have already pushed below 0.7705, and if they manage to establish below 0.7690, then we may see a decline towards 0.7660-0.7650. A break below this range will open the way for bears towards 0.7630 and 0.7600. I am not fond of the scenario with a decline in the USD/CHF pair, as well as in other pairs with the Swiss franc, but unfortunately, it remains realistic. For now, all growth scenarios can only be considered within the framework of a pullback, for example, if buyers manage to hold above 0.7705, then they may rise to 0.7720 and 0.7740. Holding above 0.7740 could lead to further growth towards 0.7750, 0.7790, and possibly even reach 0.7815.