USD/CHF has registered an upside breakout from the minor up channel signaling further growth in the upcoming period, even if the rate drops at the moment of writing. I’ve told you in my previous analysis that the pair should climb higher after jumping above the major downtrend line.
The rate has jumped also above the 0.9220 former high confirming strong buyers. USD/CHF drops in the short term and most likely it will test and retest the channel’s upside line before resuming its upwards movement.
- USD/CHF Trading Tips
Another higher high, jump above 0.9296 and beyond 0.9300 psychological level suggests buying with a potential target at 0.9389 static resistance, upside obstacle.