FX.co ★ blaise.rogahn | USD/CHF

Good day! As we can see on the chart, the currency pair USD/CHF is currently experiencing a sideways movement within a four-hour timeframe, with "swings" occurring. Bulls have not yet been able to break through the 8/8 resistance level at 0.9155 during the upward movement, as bears are actively resisting this. At the moment, we are witnessing another attempt to lower the quotes of the USD/CHF pair after bulls touched the mentioned level. However, overall, the pair's direction remains bullish. Therefore, after another attempt to decrease and test the reversal level at 6/8 at 0.9125, which will cause the Stochastic to decline towards the lower boundary of its indicator, I believe the USD/CHF pair will turn upwards and head for another test of the resistance at 0.9155.