FX.co ★ blaise.rogahn | USD/CHF

Hello traders, Yesterday, the USDCHF pair didn't show any significant directional movement and had low volatility. As a result, nothing has changed, and we continue to trade within the same large range, clearly visible on the daily charts. However, this week has seen a significant decline, so I believe we might move even lower, especially considering the support area around 0.7870. The future price action will depend on the performance of the dollar, with inflation data and the NFP report scheduled for next week, particularly on Tuesday. The recent shutdown has altered the situation, but that's how it is. Personally, I don't consider trades at these levels, but I think we could drop below not only 0.79 but also below 0.7870, where I will consider buying.