Earlier at 4-hour chart, the USD/CHF currency pair has developed a Hammer candlestick, which is signaling about an upward tendency.
This candlestick indicates the decline of the currency pair during a couple of weeks, but it bounced back after it did not break through the mark 0.9838. This means the bears did not manage to fixate and the bulls became active.
If the USD/CHF breaks through Fibonacci correctional level of 23.6, it will mean that this viewpoint is a correct one. The breach of the resistance level of 1.0138 and Fibonacci correctional level of 38.2 means the pair has targeted to 1.0230-1.0240, where Fibonacci correctional level of 50.0 is placed.
Stop orders are advisable to set below 0.9838 because the breakout of this mark will mean the pair has aim of 0.9636.