FX.co ★ blaise.rogahn | USD/CHF

When analyzing the USD/CHF currency pair, I continue to conduct analysis on the weekly timeframe. I don't see the point in analyzing intraday anymore because the price is only going up and there are no visible immediate resistances to use as targets. Only on the weekly chart do I see the level of 0.8200, which corresponds to the 38.2% Fibonacci retracement resistance. It is built on a major downtrend. The price recently broke the 23.6% resistance and also the spring peak. This led to a strengthening of the uptrend and the prospects of its further development. It needs to move up a little over 100 points to reach the resistance. Most likely, USD/CHF will turn around from there and fall towards the 14.6% support, leading to the formation of an internal pattern.