FX.co ★ blaise.rogahn | USD/CHF

Hello traders, Our pair, USD/CHF, has taken a very good acceleration, managing to reach the lower levels at 0.7690. The interesting part is that this level is quite strong, making it difficult to say whether it will be broken. However, there is a new level at 0.7727, which would cancel the southern campaign if they manage to update it today. As the pressure continues downwards, it is unlikely that they will succeed today, which is not necessary anyway because it's time to start on the 4-hour chart and the daily chart as well — everything is ready for a move to the south. Now we need to wait for the opening of the American session, where we will either continue or have a pullback, but there are more chances of a continuation. From a technical standpoint, we are already ripe for such a descent. I mentioned before that last week was preparation for a move downwards, and this week they naturally started pushing downwards.