FX.co ★ blaise.rogahn | USD/CHF

On the daily chart of the USD/CHF pair, a bullish pin bar formed yesterday. The downward correction that started on Thursday failed to develop. Buyers stepped in yesterday thanks to news that the US administration is once again considering launching a tariff policy against European countries. Against this backdrop, the dollar was able to strengthen again by the close of the trading week. Now we’re waiting for the start of the next trading week to understand the further prospects for the move. If the rise continues and we once again attack the 0.8140 resistance, we risk getting a breakout and further growth. If we manage to fall below yesterday’s low of 0.8064, then I expect a move toward 0.8040 and 0.8000.