FX.co ★ blaise.rogahn | USD/CHF

USD/CHF pair H1. The pair is trading near the daily open level of 0.8090 and above the daily Pivot level of 0.8071. The main indicators are pointing north and the price is above the MA72 trendline, where volume unloading usually occurs. Above the 0.8090 level, the price will move toward 0.8096 and possibly to 0.8120 and higher. Below the 0.8090 level, the pair will continue to decline toward 0.8071 and possibly to 0.8063 and lower. The pair is trading above the monthly Pivot level of 0.8005, above the weekly Pivot level of 0.8054 and above the daily Pivot level, which tells us the pair has a bullish (northbound) bias. The fork for this session is the daily open level of 0.8090. The first resistance is 0.8096, the first support is 0.8063.