FX.co ★ blaise.rogahn | USD/CHF

Hello traders, we started the new week in the USD/CHF pair with the strengthening of the US dollar. Buyers have already attempted to hold above 0.7935, but failed and brought the price back to 0.7920. If sellers manage to establish below 0.7920, then we may see USD/CHF dropping to 0.7905. Holding below 0.7905 could lead to a decline towards 0.7890 and 0.7875-0.7860. If these levels are successfully breached, sellers will target 0.7845 and 0.7815, with levels of 0.7780 and 0.7750 looming on the horizon. Alternatively, current buyers could continue the upward movement. Holding above 0.7935 will pave the way for them towards 0.7950 and 0.7965, from where a reversal may occur. Establishing above 0.7965 will open the door for bulls towards 0.7980, 0.7995, and 0.8010. If these levels are also surpassed, the next targets would be 0.8025 and 0.8040.