FX.co ★ blaise.rogahn | USD/CHF

Hello traders, USD/CHF Н4 Before the weekend, the pair attempted to break below the support level at 0.7942, but so far has been unsuccessful. The moving average is currently above the quotes, which could drive further southward movement. In this case, there is a possibility of breaking below the support and establishing a lower position, indicating a potential continuation of the bearish trend. My current target to the south is the support level at 0.7875, and we will see how it unfolds from there. As for the northward direction, it is clear that a move above the moving average and, consequently, above the resistance at 0.7985 could trigger a bullish momentum.