FX.co ★ blaise.rogahn | USD/CHF

It’s worth noting that for the USDCHF pair nothing has really changed so far in the sense that the main move is still upward. We already went above 0.81, but haven’t managed to consolidate there yet. Although there is still room to grow further, since the long-standing higher targets haven’t gone anywhere. However, in recent days, including today, we’ve been trying to pull back and move lower. So far it’s not working out very well, and personally I’d like to see the pair significantly lower, which I don’t rule out. All the more so since the dollar itself is at least currently under pressure. Overall, I’m still looking north, and therefore if we drop not only below 0.80 but also 0.7955, I’ll be looking to try buying there.