FX.co ★ blaise.rogahn | USD/CHF

During yesterday's decline on the USD/CHF pair, sellers managed to reach the support level around 0.7845, but they failed to break through it, despite the relatively high volumes. This lack of further decline appears as weakness from the bears' side. There are too many buy limit orders accumulated around the mentioned level, so it won't be easy to break through them in the near future. Overall, I still prioritize buying, so today I will be waiting for the continuation of the growth that started yesterday in the second half of the trading day on the USD/CHF pair towards the nearest calculated resistance level at 0.7900, with a possible breakout above it. Hello traders!