During the previous trading session, the positive dynamics of the USDCHF movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The closest support to the price is at the 0.79607 mark.
The level is formed by the Morning Star pattern. This pattern consists of three Japanese candlesticks. The first candle has a long black real body, the second one is a doji with a small real body, the third one has a long white real body. The third one opens above the closing of the second candle and closes above the closing of the first candle.
The nearest resistance level is at the level of the 0.79872.
The Bearish Engulfing pattern formed this level. It consists of two Japanese candles: the first candle is located inside the body of the second candle.
Trading recommendations:
The upward dynamics prevail on a longer time period, but the short positions should be prioritized during the day because the latest signal suggests a dominant downward movement.
USDCHF H1: The Price Action Forecast for the Asian Session at 7.4.2026
