FX.co ★ USD/CHF More Gains Expected

USD/CHF dropped a little in the short term but this could be only a temporary decline. It could still increase as long as it stays above 0.9267 and 0.9238 levels, former highs. These levels represented upside obstacles. Jumping above these levels signals an upside continuation.

The up channel's upside line is seen as an upside target. The USD/CHF pair could resume its growth as long as it stays above the uptrend line. The current decline could help us to catch new upside movements.

Trading Conclusion!

The current decline could help us to buy USD/CHF from the former upside obstacles which have turned into downside obstacles. Only dropping below the uptrend line could invalidate further growth.

The upside line is seen as a major upside target. A sideways movement could bring new buying opportunities.