FX.co ★ blaise.rogahn | USD/CHF

On the hourly timeframe, the quotes have stopped at the support level of 0.8025. However, we have a moving average above the quotes, which could act as resistance and push the quotes to break below the support. In this case, we expect a consolidation below this level and a downward movement. Downside targets could be around 0.7990, and further down, we will assess if the pressure continues to the south. On the other hand, a move to the upside could occur if the moving average allows the quotes to rise above it, considering there is also resistance at 0.8075. Overcoming this resistance could open up the possibility of continuing the upward trend.