FX.co ★ blaise.rogahn | USD/CHF

USD/CHF H4 The pair is currently trading at the support level of 0.7965 and it seems that they are struggling to overcome this level. However, judging by the moving average, there is still a chance of breaking below the support. The moving average is above the quotes, acting as a kind of resistance that supports the southern direction. It appears that they may head south, but breaking through is not yet a confirmation of continuation; it is necessary to consolidate below the level, and only then will they continue the southern movement. While a northern direction from the current levels seems logical, there is a moving average there. They might achieve something higher, but for now, we are waiting for developments at this level. Profit!