FX.co ★ blaise.rogahn | USD/CHF

The US dollar in the USDCHF pair, and not only in this pair, is strengthening visibly. We have already approached 0.8300, but unfortunately did not consolidate above it immediately. Well, for now, as it is nighttime, sellers in the USDCHF pair have decided to pull back a bit. It would be even better if they drop to 0.8225-0.8200, and then move back up from this range. After consolidating above 0.8300+, there is a chance that the uptrend will continue towards the next target range of 0.8550-0.8575. There are more attractive targets higher up, but first, we need to deal with the nearest ones. Yes, the US dollar looks good now, but will they be able to maintain this momentum? It will be seen in due course. I would like to see growth in the USDCHF pair, but lately, I have been particularly cautious about the dollar. If sellers bring the price back to 0.8200 and consolidate below, then we may see a retest of 0.8100. And if they do not stop there, then sellers may head towards 0.8030-0.8000, and after consolidating below, even more serious targets will be revealed. In this case, it can be concluded that the current uptrend was a significant pullback, and the decline in the USDCHF pair may continue for a while.