FX.co ★ blaise.rogahn | USD/CHF

The price of the pair USD/CHF on the daily chart yesterday was able to reach the upper boundary of the ascending channel around 0.8300. From there it bounced. This bounce could, in the foreseeable future, develop into a wave of decline toward the lower boundary of the ascending channel. However, a continuation of the rise further up toward the weekly resistance level at 0.8330 is not excluded. It is from there that I will be ready to consider selling the pair on a touch with a minimum target around the support at 0.8190. I am not considering buying the pair from the current levels; I am waiting for a significant wave of decline. Only after that will long trades on the pair be of interest.