FX.co ★ USD/CHF analysis for March 20, 2023 - Breakout of the triangle pattern to the upside

Technical analysis:

USD/CHF has been trading upside this morning and I found the breakout of the triangle pattern in the background.

Due to the breakout of the tight triangle in the background and the strong upside momentum this morning, I see potential for the further upside movement.

Upside objectives are set at the price of 0.9335 and 0.9385

Stochastic oscillator is showing fresh bull cross, which is another good sign for the further upside movement.

Key support is set at the price of 0.9240