On the 4-hour chart in the range of 0.7871–0.7940, a candle analysis pattern Three Advancing White Soldiers appeared, which helped strengthen the instrument's position to the level of 0.8008, while a Bull Engulfing Pattern formed in the area of 0.7975, also indicating the potential of the “bulls”. 

The probability of growth remains.

On the daily chart, the descending third wave of the higher degree (3) of 5 has been completed, and an upward correction is currently developing as the fourth wave (4) of 5. On the four-hour time frame, wave A of (4) is visible, while the correction has completed as wave B of (4), and wave C of (4) is currently forming, including the third junior level iii of C. If this scenario proves correct, the USD/CHF pair’s upward trend is expected to continue toward the 0.8100–0.8220 zone, with a critical stop-loss level at 0.7870.

During the morning session, the USD/CHF pair is trading in a corrective trend at 0.7983, preparing for further growth. The probability of currency interventions by the Swiss National Bank has decreased, and investors switched their attention to domestic statistics, which remain mostly neutral.

During the morning session, the USD/CHF pair is decreasing slightly, holding close to the high of April 8 and the psychological resistance level of 0.8000. Investors are in no hurry to open new positions ahead of the publication of American inflation statistics tomorrow at 14:30 (GMT+2).

This week, the USD/CHF pair resumed growth and is currently testing 0.7925 (Fibonacci correction 61.8%), supported by several factors, the most important of which is the monetary one.