FX.co ★ blaise.rogahn | USD/CHF

Currently, the quotes of the USD/CHF pair have risen above the level of 0.8020, with the moving average below the quotes. This could indicate a consolidation above this level and a potential continuation to the north. The target to the upside will be the resistance at the level of 0.8085. I believe that price may gravitate towards this level. Moving on from there, if they fail to sustain above it now, they could resume pressure to the south, testing the support at the level of 0.7990. Subsequently, breaking below this support, establishing below the level, and continuing south towards the support at 0.7933 will follow.