FX.co ★ blaise.rogahn | USD/CHF

In my brief forecast for today for this trading instrument USDCHF, I expect a further rise of the currency pair to the next resistance level. Most indicators on the hourly timeframe point to growth of the currency pair towards the next resistance level. The overall trend on the 1-hour chart remains bullish. On the 1-hour chart we see that the USDCHF currency pair is near the resistance price level of 0.80758. Today I expect a breakout of this resistance level 0.80758 and a further rise of the currency pair to the next resistance level 0.80972. If this USDCHF currency pair manages to break through this resistance level 0.80972 and consolidate above it, then I will expect a further rise of the currency pair to the next resistance level. But if this USDCHF currency pair fails to break through this resistance level 0.80972 and consolidate above it, then I will expect a pullback of the currency pair to the support level 0.80494.