FX.co ★ blaise.rogahn | USD/CHF

As of today, the USD/CHF currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to hold above the 0.8185 level, a pullback began. I expect that in the near term the price of the pair will move roughly within the 0.8185–0.8160 range. At the moment, the 0.8185 level is the nearest resistance; if the price manages to break above this level, it could be one of the first signals that a move toward 0.8210 is likely to begin, although a pullback may also occur. However, it is important to note that since the price is currently below this point, the priority scenario remains bullish.