The USD/CHF pair is located at 0.9293 at the time of writing. It's trapped between the 0.9348 and 0.9221 levels. It could continue to move sideways in the short term. Still, technically, after jumping above the downtrend line, the price signaled that the downside movement ended and that the buyers could push it higher.
After its strong growth after failing to stabilize below the downtrend line or to reach the 0.9221 former low which represents a downside obstacle.
USD/CHF Trading Conclusion!Jumping and stabilizing above 0.9348 could activate an upside reversal and could bring us new buying opportunities.