FX.co ★ blaise.rogahn | USD/CHF

Analysis and forecast for the currency pair USDCHF based on technical analysis Hello traders, Last week, the currency pair US Dollar against Swiss Franc continued its decline after a slight increase the week before. Overall, nothing significant happened, and the activity was mainly observed in the first half of the week. However, there is a perspective that the price will continue its movement within the downtrend and it shouldn't be too difficult to retest the January low around the 0.76 level. Although, looking at higher timeframes, it's worth noting that USDCHF is currently not only at the January low but also near its lows since 2016. Therefore, the downside potential is quite limited. Nevertheless, I don't foresee a reversal at the moment, rather the quotes are likely to continue declining slowly with significant pullbacks that can be used to open short positions. In the near future, selling opportunities can be considered around the 0.77 level.