The USDCHF currency pair continues to display a bullish outlook, in line with the prevailing trend. Recent price action suggests a corrective pullback, potentially setting up for another move higher if support holds.
Key Level: 0.7700
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at 0.7835):
A failed test and rejection at 0.7835 would likely resume the bearish momentum.
Downside targets include:
0.7700 – Initial support
0.7660 – Intermediate support
0.7810 – Longer-term support level
Bullish Scenario (breakout above 0.7835):
A confirmed breakout and daily close above 0.7835 would invalidate the bearish setup.
In that case, potential upside resistance levels are:
0.7870 – First resistance
0.7900 – Further upside target
Conclusion
USDCHF remains under bearish pressure, with the 0.7835 level acting as a key inflexion point. As long as the price remains below this level, the bias favours further downside. Traders should watch for price confirmation around that level to assess the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key Level: 0.7700
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at 0.7835):
A failed test and rejection at 0.7835 would likely resume the bearish momentum.
Downside targets include:
0.7700 – Initial support
0.7660 – Intermediate support
0.7810 – Longer-term support level
Bullish Scenario (breakout above 0.7835):
A confirmed breakout and daily close above 0.7835 would invalidate the bearish setup.
In that case, potential upside resistance levels are:
0.7870 – First resistance
0.7900 – Further upside target
Conclusion
USDCHF remains under bearish pressure, with the 0.7835 level acting as a key inflexion point. As long as the price remains below this level, the bias favours further downside. Traders should watch for price confirmation around that level to assess the next move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Trade active
Bullish price pattern breakout occurring, first resistance at 0.7832. Let's see how high this can go. Trade closed: target reached
USDCHF Bullish Flag breakout, retest of resistance at 0.7900. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.