FX.co ★ blaise.rogahn | USD/CHF

Of course, the USDCHF pair previously broke the upward movement. As a result, it managed to decline quite well. Moreover, we can talk about a local downward movement. Especially since on Friday, new lows were reached. However, almost all of Friday's decline was bought up, and the pair failed to settle below 0.78, so we might move up further. Especially considering that I don't have any lower targets. However, the old area around 0.8040 still remains relevant. Although, of course, a lot will depend on the demand for the dollar. In general, I am not considering selling anyway. But if we drop below 0.7795 again, I wouldn't rule out buying, but only with a stop.