FX.co ★ hickle.manuela | Comprehensive Analysis in Trading: Mastering Methodologies

USD/CHF Good evening. By the close of trading on Friday, the bulls in the USD/CHF currency pair managed to stop the bearish correction from the weekly high of the pair at 0.8140. At that point, the price fell just short of the Murray reversal level 7/8 (0.8148), but later, after rolling back inside the Murray regression channel, the USD/CHF pair was also unable to reach its midpoint at the 4/8 (0.8057) support and turned upward again. Now, with the support of a rising four-hour stochastic, the USD/CHF pair has once again moved above the top of the regression channel and is trading at 0.8096 Swiss francs per 1 US dollar, aiming for further growth. I believe this is what will happen, and I expect USD/CHF to rise towards the Murray reversal level 7/8 (0.8148).