FX.co ★ blaise.rogahn | USD/CHF

Hello traders, Buyers in the USD/CHF pair have moved up slightly, but for now, this increase is just a pullback. Returning to a northward movement is not possible yet, as sellers are trying to push the price below 0.7905, after which a further decline to 0.7890 and 0.7875 could continue. Firming below 0.7875 will pave the way to 0.7845. The dollar's sentiment currently depends entirely on the behavior of the American president; he can either weaken it further or strengthen it. If the bulls manage to hold above 0.7905 and even establish above 0.7920, then the path to 0.7935 will be open for them. After surpassing 0.7935, the movement towards 0.7965 can proceed. Once consolidated above 0.7965, the uptrend can continue towards 0.7980 and 0.7995, and then climb to 0.8010, 0.8125, and 0.8140.