FX.co ★ blaise.rogahn | USD/CHF

The upward trend on the USD/CHF pair chart continues. The price steadily breaks through one resistance after another. Yesterday we saw a bounce from the 0.8130 resistance, but at the moment the price has approached this level again and is likely to break through with further continuation of the rise towards the next significant resistance around 0.8155. We just have to wait for the price to find a significant resistance from which a corrective decline will begin. Today marks the seventh consecutive bullish candle, such upward momentum is a rare phenomenon, so I expect a significant downward correction in the near future.