FX.co ★ blaise.rogahn | USD/CHF

The US Dollar is actively rising against the Swiss Franc today, continuing yesterday's dynamics, and everyone understands the reasons behind it, so I won't repeat them. I will just note that at the moment, the bulls have already reached the established maximum on February 2nd of this year at the Murray resistance level 1/8 — 0.7812 on the 4-hour chart. Most likely, this maximum will be updated, possibly after a small bearish correction to the Murray reversal level 2/8 — 0.7797, which is only due to the technical overbought condition of this currency pair, as indicated by the 4-hour Stochastic. Later on, the USD/CHF growth will continue towards the extreme Murray levels in the current trading range, with the nearest target at the +1/8 level — 0.7828.