FX.co ★ blaise.rogahn | USD/CHF

Hello everyone! The USDCHF currency pair traded slightly lower during the session. The pair is attempting a correction after a very good rally. However, so far it is not going very well. Pressure on the Swiss franc is coming from the strengthening of the US dollar and actions by the Swiss National Bank. Today's economic indicators for Switzerland are modest. Mostly insignificant statistics. Investors are waiting for the opening of the American markets. But overall, the uptrend will prevail. The expected reversal point is 0.9070, and I plan to buy above this level targeting 0.9170 and 0.9220. Alternatively, the price may turn downwards and break through 0.9070, opening the way to 0.9040 and 0.9020.