The 4-hour chart of the USD/CHF pair shows a bullish setup, with the price forming a higher high and higher low pattern. The recent candles have been trading within a tight range, indicating a build-up of buying pressure. The momentum indicators are also in favor of the bulls, with the RSI (not shown) above 50 and the MACD (not shown) showing a bullish crossover. The volume, although not extremely high, has been increasing on the upswings, suggesting that the buyers are gaining control. With the price currently trading near the support level of 0.7778, we expect a breakout to the…

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