FX.co ★ blaise.rogahn | USD/CHF

It is worth noting that there have been no changes in the USDCHF pair, as the upward movement continues. I initially expected a decent pullback, but it did not happen. The confident growth persisted, with constant new highs being reached, almost approaching 0.80. Additionally, we are consolidating near the daily highs, indicating pressure and the possibility of moving even higher. However, I do not see a good opportunity for a pullback at the moment, although there are no signs of a decline yet. The strengthening of the dollar, which is in demand as a safe-haven currency, is certainly influencing the situation. In any case, I do not consider trades at these price levels. However, if we drop below 0.7875, I would only consider buying at that point.