FX.co ★ blaise.rogahn | USD/CHF

Hello traders, sellers in the USD/CHF currency pair failed to establish below 0.7875, bounced back, and started to rise. However, they have only managed to move slightly above 0.7920 so far. At the moment, yesterday's rise looks more like a pullback, which likely has come to an end, indicating that sellers may be able to push back down to 0.7875 again. Currently, it is necessary to consolidate below 0.7905, and then the path to 0.7890 and 0.7875 will be open. Consolidation below 0.7875 could lead to a decline towards 0.7845. If the US dollar continues to weaken, then after consolidating below 0.7845, the downward movement may continue towards 0.7815, 0.7780, and 0.7750. If buyers manage to take the initiative from current levels, then first, it is necessary to wait for consolidation above 0.7920, and for reliability, above 0.7935. After surpassing these levels, the price may rise towards 0.7965. Consolidation above 0.7965 could pave the way for buyers to reach 0.7980, 0.7995, 0.8010, and possibly even reach 0.8025-0.8040.