The USD/CHF pair has experienced a strong decline over the past few days, but it has begun to stabilize above a strong support area near 0.8532, with repeated rebound attempts, amid horizontal oscillations indicating that the market is anticipating a clear breakout in either direction.
Technical Indicator Analysis
Moving Averages
The price is moving around the shorter-term moving averages, reflecting volatility and uncertainty in direction.
The short-term moving averages remain below the longer-term moving averages, indicating that selling pressure remains.
MACD
The indicator has begun to turn positive, with bullish bars appearing after a period of negativity, which may indicate the beginning of a potential recovery
Stochastic
The indicator is moving upwards near the 57 level, after exiting the oversold zone, supporting the possibility of a continued upward correction in the short term
Technical Analysis for USD/CHF: Possible Scenarios
Bullish Scenario
A break above the 0.8612 resistance level and stability above it could push the price upwards towards 0.8637–0.8658.
Stabilization above the moving averages would support this scenario
Bearish Scenario
If the price fails to surpass 0.8612 and remains below 0.8580, selling pressure could return, pushing the price towards 0.8532.
A break above this level could pave the way for further declines towards 0.8500.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | USDCHF |
| 0.8612 | 0.8580 | Entry point |
| First resistance: 0.8637 | First support: 0.8532 | Target Point 1 (TP1) |
| Second resistance: 0.8658 | Second support 0.8500 | Target Point 2 (TP2) |
| 0.8580 | 0.8612 | Stop Loss (SL) |
The overall trend for the USD/CHF pair remains under pressure following the recent downward movement, but stability above the 0.8532 area could provide some support for any rebound attempts.
USD/CHF: A break above 0.8612 could open the door to a corrective rally towards 0.8637 – 0.8658, while a break above 0.8532 could restore selling pressure and push the price towards 0.8500. Optimal strategy: Monitor price action around 0.8612 and 0.8532 to identify the most suitable trading opportunities, while adhering to strict risk management.
