FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

Hello traders! We continue to monitor the movement of the US dollar against the Swiss franc on the four-hour chart, and at the moment we see that the bulls are actively trying to push the pair back towards the current local highs at the level of 0.7765. Meanwhile, the bears were able to retest but did not manage to update the current pair's minimum marked by the "Zigzag" indicator at the level of 0.7710. The quotes quickly bounced back from there, accelerating back to the middle of the 77th figure. Considering the expected negative data for the US market regarding the increase in initial jobless claims, it can be assumed that the pair is definitely aiming to reach the level of 0.7765 and even attempt to update the current high of the pair to confirm further development of the upward structure observed since February 10. However, let's not get ahead of ourselves and wait for the market's reaction to the US news release first, and then we will see.