FX.co ★ USD/CHF analysis for April 03, 2023 - Potential for the upside movement

Technical analysis:

USD/CHF has been trading upside this morning and I found strong rejection of the key support level at 0.9125 and I see potential for the further rally.

Due to the rejection fo the key support in the background and strong momentum this morning, I see potential for the further upside movement towards upper references.

Upside objectives are set at 0.9220 and 0.9245

MACD is showing bullish reading, which is good sign for the rally....

Key support is set a the price of 0.9125