FX.co ★ blaise.rogahn | USD/CHF

USD/CHF pair H1. The pair is trading below the daily open level of 0.8140 and near the daily Pivot level of 0.8134. The main indicators are showing neutral, and the price is near the MA72 trendline, where volume unloading usually occurs. Above the 0.8134 level, the price will move to the 0.8146 level and possibly to 0.8170 and higher. Below the 0.8134 level, the pair’s decline will continue to the 0.8120 level and possibly to 0.8094 and lower. The pair is trading above the monthly Pivot level of 0.8005, above the weekly Pivot level of 0.8085 and near the daily Pivot level, which tells us about a bullish (northward) sentiment for the pair. The fork for this session is the daily Pivot level 0.8134. The first resistance is 0.8146, the first support is 0.8130.