FX.co ★ blaise.rogahn | USD/CHF

Hello traders, In my brief forecast for today regarding the trading instrument USDCHF, I expect further growth of the currency pair towards the next resistance level. Most indicators on the hourly timeframe point to an increase in the currency pair towards the next resistance level. The overall trend on the 1-hour chart remains bullish. On the 1-hour chart, we can see the currency pair near the resistance level of 0.79881. Today, I anticipate a breakout of this resistance level at 0.79881 and further growth of the currency pair towards the next resistance level at 0.80068. If the USDCHF pair manages to break above this resistance level at 0.80068 and hold above it, I will expect further growth towards the next resistance level. However, if the USDCHF pair fails to break above the resistance level at 0.80068 and stay above it, I will expect a pullback of the currency pair towards the support level at 0.79670.