USD/CHF is looking like a potential buy opportunity this week, with a few key levels to watch.
Current Price: Around 0.7945-0.7950, hovering near the top of its daily range.
Trade Idea:
– Buy: If USD/CHF breaks above 0.7985, target 0.8010, 0.8030, and potentially 0.8123.
– Sell: If it drops below 0.7923, target 0.7872 and 0.7828.
Key Levels:
– Support: 0.7923, 0.7872, 0.7828
– Resistance: 0.7985, 0.8010, 0.8123
The pair is in a neutral-to-bearish consolidation, but a break above 0.7985 could flip the bias to bullish. Keep an eye on the Fed minutes and Swiss National Bank policy for potential catalysts
