USD/CHF is in the consolidation stage

On the hourly chart, the USD/CHF pair is in the consolidation stage after recent growth. The price has broken through the MA (200) H1 moving average from the bottom up and is trading above it, which is a potential signal of a trend change from descending to ascending or sideways. The price is currently trading near the 0.8035 resistance level. The next significant resistance level is at 0.8080. The MACD indicator is in a positive zone, and its histogram shows green bars, which confirms the bullish momentum and buying pressure. To continue the growth, the pair needs to gain a firm foothold above the 0.8035 level. In the case of a correction, the nearest support level is at 0.7995, and then at 0.7955, where the 200-period moving average also runs, which reinforces the importance of this level. The overall picture indicates a possible beginning of an upward movement or a continuation of a sideways movement with a bullish bias.

Resistance levels are: 0.8080, 0.8130, 0.8195

Support levels are: 0.7995, 0.7955, 0.7920

The main scenario for the pair's advance suggests an increase to 0.8080 (June 25 high) and there may be an increase to 0.8130 (June 24 high) 

An alternative scenario implies a breakout of the support 0.7995 (July 8 high) and a possible decline to 0.7955 (July 15 low)