FX.co ★ blaise.rogahn | USD/CHF

Hello traders, last week the USDCHF pair ended with a hint that the decline may continue, although not explicitly. Let's see how the trading opens, as the US dollar has been fond of starting it with surprises lately. The nearest obstacles are the levels of 0.7860-0.7845 below and 0.7905 above. If the price consolidates below 0.7845, it may lead to a decline towards 0.7815, 0.7780, and 0.7750. In this case, it is possible that the price won't stop at these levels and will go even lower. However, if the US dollar continues to rise, helping buyers to push above 0.7905, then the USDCHF price could move towards 0.7935 and 0.7965. A close above 0.7965 could lead to further growth towards 0.8000, with new northern targets appearing on the horizon.