USDCHF Price May Bounce Up at $0.78 Level

Price may experience a bullish reversal

USDCHF Price Analysis – 17 October

The price may rise above $0.79 and get closer to the $0.81 hedging scenario if the buying impulse can hold above the $0.79 resistance position. If merchandisers put forth enough effort to lower the price from $0.77 to $0.76, they can still lower it to $0.75.

Key Levels:

Resistance levels: $0.79, $0.80, $0.81

Support levels: $0.77, $0.76, $0.75

USDCHF Long-term trend: Bearish

For over a month, the USDCHF map has been on a downward trend. Since the price was established at $0.82 a few weeks ago, customers have been able to meet the massive demand for USDCHF. Merchandisers have controlled the USDCHF market since February 25. A few days ago, the value of the two currencies was $0.81. At the first recommended position, a bearish engulfing candle pattern was visible, and the price fell twice to $0.79. In addition, the price started to drop again. The bearish harami candle pattern was observed to have emerged near the first anticipated support level. The current target price is $0.77 due to its remarkable reversal.

.78 Level" width="1281" height="571" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/10/Daily-50.png"/> There is a negative impulse since the USDCHF exchange rate is currently below the Hull Suite. The forex signal QQE MOD, which is located below the zero line, indicates price falls. The price may rise above $0.79 and get closer to the $0.81 hedging scenario if the buying impulse can hold above the $0.79 resistance position. If merchandisers put forth enough effort to lower the price from $0.77 to $0.76, they can still lower it to $0.75.

USDCHF Medium-term Trend: Bearish

The USDCHF’s medium-term prognosis is getting lower. Because of the double top chart pattern at the $0.80 hedging position, the currency brace was under negative pressure a few days prior. On October 13, at $0.80, the price attempted, but failed, to break above the inner bar candle pattern. The price started to go down as one went south. The market will drop below the previously anticipated barrier of $0.77 if bears are able to break through to the target of $0.76. Now, the bear are in control.

.78 Level" width="1281" height="571" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/10/4-hours-46.png"/> A bear market is in full force when the currency brace crosses the Hull Suite signal. If the QQE MOD is less than zero, any offer to sell is welcome.

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