The USDCHF currency pair is moving in consolidation from the beginning of this week, where support and resistance levels are set by orange lines on the 4-hour chart. Currently price is already approaching the top limit which consequently is expected to be broken, what may indicate direction of moves in the near future.

If pair overcomes the top, the nearest resistance is visible between 0.9995-1.0090. In turn, the downside exit will indicate the potential to test minima of current week around 0.99. Breaking this level would also open the way for further falls towards 0.9830.

The above analysis was done on an account at XM broker who offers $30 on start!

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