FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

USD/CHF Good Sunday evening. Assessing the movement of the American dollar against the Swiss franc on the daily chart, overall, I see an uptrend that started in mid-September. Certainly, not without errors and during the strong volatility of this currency pair, but still, based on the local lows marked by the "Zigzag" indicator, it is noticeable that the pair is confidently moving away from the current low of 0.7830. I believe this trend will continue in the future, although the recent local high of the pair does introduce some dissonance into the current assessment of the situation. Nevertheless, the last phase of the daily decline seems to have ended even without testing the support at 0.7985, especially considering that there is already a mark on the chart from the "Zigzag" indicator indicating the end of this downward wave. Furthermore, we see two consecutive full bullish daily candles, which gives hope for the continuation of the USD/CHF uptrend towards the key high of the pair in this ascending trend at the level of 0.8115, the breakout of which will confirm further growth. Overall, in the current situation, a transition to a long-term uptrend can be expected, as this currency pair has been trading at decade lows for a long time.