FX.co ★ blaise.rogahn | USD/CHF

Hello traders. USD/CHF on H1. The pair is trading above the day's opening level of 0.7940 and above the daily Pivot level of 0.7946. Key indicators show a bullish trend, and the price is above the 72-period moving average trend line, where volume unloading usually occurs. Above the level of 0.7995, the price will move towards the level of 0.8000 and potentially to 0.8010 and higher. Below the level of 0.7995, the pair will continue its descent towards the level of 0.7980 and possibly to 0.7970 and below. The pair is trading above the monthly Pivot level of 0.7902, above the weekly Pivot level of 0.7938, and above the daily Pivot level, indicating a bullish sentiment for the pair. The branching point for this session is the level of 0.7995. The first resistance is at 0.8000, and the first support is at 0.7980.