FX.co ★ blaise.rogahn | USD/CHF

Hello, ladies and gentlemen USD/CHF Н1

Yesterday, the currency pair USD/CHF continued its non-pullback growth, and driven by American news, buyers reached their northern target at the level of the first impulse zone 0.8006, upon fixing above which its price will continue to rise to the upper boundary of this zone at 0.8032. If the breakout of the 0.8006 level turns out to be false, quotes will start to decline towards the nearest support at the last broken maximum of 0.7985, from where a new northward reversal or a continuation of the decline to the northern start line of 0.7966 and the volume accumulation level (POC) 0.7945 is possible, below which it will not go. Therefore, on hourly timeframes, the trend for the USD/CHF pair remains long, and in case its price returns to POC 0.7945, one can consider new purchases, but this is not a trading recommendation.