FX.co ★ USD/CHF: further growth in cards

USD/CHF Uptrend!

The USD/CHF pair registered strong growth and now it has passed above 0.9637 which represented an upside obstacle signaling strong buyers. As long as the price stays above the uptrend line, it could climb towards new highs.

Now, 0.9637 turned into a potential downside level (support). In the short term, the price could come back to test and retest before extending its growth.

USD/CHF Trading Conclusion!

The 0.9654 today's high represents an upside obstacle. Staying above the uptrend line and jumping above this obstacle may activate further growth and could bring new buying opportunities. The 0.9700 psychological level stands as a potential upside target.