USD/CHF Analysis (August 17)

The pair remains very well bid after a consolidation period in the beginning of the week.
We did see a resumption of the uptrend during the last hours of the US session yesterday which lead the market towards the key resistance at 0,80 where it is currently trading.
A break above 0,80 would expose next resistance at 0,8150 (daily 50 moving average) with a possible extension towards 0,84 over the coming sessions.
Only a break below 0,78 would alleviate the upside pressure with a possible resumption of the downtrend.