A strong buying opportunity for USD/CHF on any correction

The USD/CHF pair is moving sideways on the daily timeframe. It has also formed new buying zones that overlap with the same areas from which it previously bounced.

Currently, the outlook indicates a long-term upward trend for the pair. Therefore, it is advisable to look for buying opportunities on any dips.

Expected buying zones

Currently, we have several strong buying zones. The first buying zone is the demand zone from which the pair previously bounced, located near the 0.7799 level. The pair has formed new overlapping zones, confirming strong buying interest in these areas.

The second demand zone is near the 0.7670 level, from which the pair is expected to rise if it falls to this level.

If the pair rises, it is expected to target the supply zones above, near the 0.7990 level shown on the cha