FX.co ★ blaise.rogahn | USD/CHF

USD/CHF Good afternoon! On the four-hour chart of the USD/CHF currency pair we can see that the bullish wave appears to be completed, as indicated by the ZigZag indicator, which has placed its mark slightly below the resistance level of 0.8135. At the same time, the H4 stochastic is at the upper boundary of the indicator and is already starting to turn south, and the second bearish candle has appeared on the chart. Thus, from the current level of 0.8119 we expect a breakout of the nearest support at 0.8115. And if the bears open a new candle below this level, then we can count on a further decline of USD/CHF towards the support area at 0.8065 with a test of the lower boundary of the TMA bands.