FX.co ★ Mr_Ambani | USD/CHF

Technical analysis 02 Jully 2025 USD/CHF H-4

Judging by the current picture of the movement of quotes of the US dollar/Swiss franc currency pair on the 4-hour chart, yesterday's positive data from the USA, which we expected, did not help much. And, although the American dollar, of course, responded with growth to this "positive," before that, sellers had already managed to drop the USD/CHF pair to the level of -0.7870. So, the subsequent growth looked very pale and easily fits into the framework of the four-hour downward trend, without even reaching the median of the Bollinger indicator, the bands of which are actively decreasing. I will not even mention the average sliding line of the 55th period, since it remained in the middle of the 80th figure. And the bears are already trying to interrupt the current attempt at growth, despite the fact that the stochastic, once again not reaching the upper limit of its indicator, is starting to turn to the south. It follows that the USD/CHF price will soon begin to fall again, and the minimum by the middle of the 78 figure, or even immediately reach the round level of 0.7800, before the bulls try to raise their heads again. The average moving line is red, which means that sellers have priority over buyers. When rebounding from the moving line, you can sell with the aim of decreasing and updating the minimum at 0.7870. But if the price breaks through the moving line, we will see a test of the upper border of the channel at 0.8070. I really expect the price to fly out of the channel. And the first big target will be a breakout of resistance at 0.8246.