FX.co ★ USD/CHF Buying Opportunity!

USD/CHF has tested the broken downtrend line and now is traded above the former high confirming the breakout and the upside reversal. I've told you in my previous analysis published last week that the price will register an important growth if it jumps above the 0.8866 previous high.

The upside scenario was activated after jumping above the 0.8880 level. The bullish, upside, bias will remain intact as long as the rate stays above the red uptrend line.

Trading Conclusion!

Passing above the 0.8880 level represented a buying signal. The 0.9000 psychological level could be used as an upside target.