FX.co ★ USD/CHF Resumes Its Upside Journey As Expected!

USD/CHF has finally managed to jump above 0.9313 upside obstacle and it seems determined to approach and reach new highs.

I've told you in my former analyses that jumping above this obstacle, resistance, indicates that the pair should resume its uptrend line.

The bias is bullish, USD/CHF could continue to increase as long as it stays above the uptrend line. The 0.9375 higher high is seen as the next upside target.

Trading Conclusion!

Jumping far above 0.9313 immediate former high is seen as a buying opportunity with the first target at 0.94 psychological level. A larger growth could be confirmed if USD/CHF passes above the 0.9400 level.