USD/CHF Analysis (August 18)

The pair remains very well bid after its sharp rally from last week but it is currently consolidating.
We now need to see a clear break above the key 0,80 resistance to confirm the bullish outlook. In this event, next resistance will come at 0,8150 (daily 50 moving average) with a possible extension towards 0,84 over the coming sessions.
Only a break below 0,7770 (last swing low) would alleviate the upside pressure with a possible resumption of the downtrend.