USDCHF is moving towards a line of 0.7945 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCHF continues in its current trajectory, we may see it move towards 0.7945 within the next 13 hours.
USDCHF is approaching 0.7945. We expect either a breakout through this line, or a rebound.
