FX.co ★ blaise.rogahn | USD/CHF

The expected future of the USD/CHF pair slightly differs from what I expect for other assets. I forecast a short-term decline in the US dollar there. Here, however, it appears that the US dollar should rise according to my analysis. Based on this, I am considering the chances of my scenario playing out. According to the analysis, USD/CHF needs to rise to the 61.8% level (0.7930) of the Fibonacci retracement, as this is a key correction level where the ascending correction should end. There is an internal pattern confirming the rise. The price dropped to the 14.6% support and reversed from there. The distance covered is quite good, we just need to rise a bit more and then the price will test the key target. After that, the question is what will happen next.